Dollar Stays Lower before U.S Retail Data

January 14, 2010 by ForexYard  
Filed under Daily Forex Analysis

AUD/NZD:

The hourly and 2 hour RSI are floating in the overbought territory with the hourly, 2 hour and 4 hour chart’s Slow Stochastic are exhibiting a bearish cross. Furthermore, there is a breach of the upper Bollinger Band on the 2 hour chart. Forex traders are advised to go short for the day.

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