A couple weeks ago, AU
broke a support trendline
(not pictured above), and broke the support at 0.7450. Now we know that this was a bearish
fakeout. If any of you have read "Naked Trading", there was also no Last Kiss setup here.
There is also building bullish
momentum on the MACD
indicator at the bottom.
Now, I think price will be heading up to the 0.7700+ zone.