FX.co ★ AUD/USD candlestick analysis for September 27, 2010

On 4-hour chart, the AUD/USD currency pair continues to move up after a rollback.
Earlier on 4-hour chart the AUD/USD pair has formed a combination of candlesticks Morning Star, thus signaling the uprising movement.
This combination of candlesticks has developed near the mark of 0.8770, where the bulls have become stronger and a rollback after falling happened. The ascend is also shown by that the Morning Star formed near the lower limit of the upward trend (daily chart). This combination of candlesticks provided the good possibility for long positions.
It is recommended to place the stop orders slightly below 0.9328 since the breakthrough of this mark will denote the break out of the uprising level.