15/1/2014 Analysis (AU)

Aussie Dollalr is one of the major pairs that i like to look at. for last week two weeks, this pairs has in an rising state from a double bottom if you look in the daily chart. form the long term view, it still in the bearish state. in fundies view, the coming USD and  Aussie big red news may drive the real direction for this pair.

 put up a 4H chart as we can see a clear uptrend with a fourth touch and a fib 76.4 it may indicate a buy in there. but it may in big risk as i mention above big red news in the calender especially the unemployment rate of Aussie that is coming. 

result:

the candle never look bullish(which i never got an entry) even look more bearish after the release of the employment change of AUD news with a result of -22.6k  rather than the predicted 10.3k breaking the 0.8820 support.