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AUDUSD Technical chart | 15-Dec-2011

 Below is the technical chart of AUDUSD currency pair, with Doda-Donchian and Doda-Bollinger Bands indicator.

AUDUSD Technical chart
AUDUSD Technical chart

After getting the sell signals from both the indicators, it started its downward journey. At the time of writing this post, it has already given a profit of 293 pips (and counting). Now, it will get support at 0.9775, which is its monthly support level. I suggest to book your profits at that stage and sit on cash.

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