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Message: [QUOTE="ajpipsmaker, post: 59335, member: 29744"] I have a slight different view on the AUDUSD pair. You have plotted an up-move trend line, and I am following a down-move trend line. There is a down-move trend line, which has held the AUDUSD pair a number of times. The recent failure at around the 0.8990 level also came around the same trend. I think as long as the pair is trading below this trend line, then it remains in the bearish tone. The sellers will not give up easily in the short term, in my opinion. However, I somehow agree to an extent with you that buying dips should be favored. [IMG]http://s14.postimg.org/ve9pd73kx/Chart.png[/IMG] [/QUOTE]

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