AUD/USD is testing an area of support that has been tested a few times in the past month.  The pair has been in a bit of a sideways market since the beginning of October, and I think I'll throw a line in the water and see if I can catch a bounce.

I'll place a long order just above the high of the last completed 4 hour candle, with my initial stoploss just below the area of support.

• Long Entry: 0.6827
• Initial Stoploss: 0.6720 

Update 1/15/09 6:50 PM:  Well support did not hold and the pair moved lower, so my long orders were never triggered, and I've cancelled them.  On to the next trade!