Australian Dollar Technical Outlook

The AUDUSD is throwing me off. I am always looking for a common theme such as risk aversion or dollar strength / weakness. The EURUSD (and GBPUSD to a lesser extent) looks bearish to me but the AUDUSD looks bullish. It is possible that the EURUSD breaks lower while the AUDUSD ranges (EURAUD bearish opportunity).

Pending a drop below .60, I am cautiously bullish. To review why; “there remains potential for a large recovery back to the mid .70s given the 5 wave drop from the top (near 1.00) (waves a and b of an a-b-c correction would be close to complete). Bulls may attempt to ‘pick’ this bottom given that the AUDUSD has held above the October low.”

[ForexGen Accounts Funding]

ForexGen offers the easiest, simplest and fastest way of Forex funds depositing, withdrawing and transferring provided with Customer Support personnel available 24/7 In order to serve its clients any time all over the world.

ForexGen cares for its clients' funds, so that ForexGen allow funding operations with guarantee of ForexGen itself that your fund operations are executed with high level of security and privacy.

Funds are accepted by wire transfer and e-gold payments.

# Deposit of funds is made easy through our short online form in your account management section.

Account receivable funding could electronically funded by [ForexGen] after one business day, thus the client's account will be funded in the same day of receipt. For our client's security, each wire transfer reference section must contain the client's name and account number.

ForexGen minimum deposit required to start trading is $250. Also we have no limit for depositing fund into your account. You have the absolute right to choose the amount you want to deposit.