9th MAY 2011, AUD, Daily part 2


AUD/USD 15:33

Early resistance based on the morning report...

however, it is now following the view that the trend is following the larger price cycles and moving upwards.

I would partial exit @ 1.0766... (if long)

and hold...target 1.0805 to 1.0821

just in case it's a 4 hour choppy pattern until 11pm