This is my point of view about $AUD/USD in the term of period between 09 – 18 June 2012.
this can be seen on the long body candle on the right side of the picture. This long body candle means that,
buyer is taking the position on this event, the price is pull back to its resistance on the up side red line. OK,
for a while, perhaps we can see the price is just back and forth but it show us the buyer have a appetite to
buy it and it have big possibility to go up. it just need some consolidation period to adapt in the new price
level.
if the price is not supported by the big volume, it is nothing for me. to proof that the price action move is
true, this component must be included on the research. from the chart above, the price is up and you can
see, that the volume accompany the price and run in harmony. the price is up so that the volume.
the announcement of Australian GDP in the September of 2011 can remain us, how about price action after
the news was shown. gradually the price up isn’t it? so the probability of this rising GDP event, is same, it
will go up to the level of 1.048.

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