AUDUSD Outlook

Oct 29, 2009
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The AUDUSD attempted to push lower yesterday, bottomed at 0.9023 but whipsawed to the upside and closed higher at 0.9096, formed a Doji on daily chart indicating indecisive market. On h4 chart below we can see that the pair still able to stay above the trendline indicating bullish scenario still intact with technical target at least around 0.9180 before re-testing 0.9327. Immediate support at 0.9090 and the trendline support area. Break below that area should lead us inot no trading zone as direction would become unclear for me, but I still prefer a bullish scenario.
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