Here is a great video analyzing the longer term outlook of the USD/AUD forex currency pair.  While this is a longer term view, the technical analysis which is used can be implemented on anytime frame.  Also, even when trading short time frames it is good to have an idea of the overall picture of the market being traded.

I have posted potential trades in this pair before because it is actually quite enjoyable to trade.  It moves a bit more than the USD/JPY on average but has the same spread generally, so it is a pair that is worth looking into for some potential trades.

This video looks at where the pair is likely to head over the next little while, and as always shows you how to use some technical analysis tools so it is very educational as well.  If you want a professional opinion on the market, check out the video.  These always  great videos, and even as a professional myself I find  these videos are always highly insightful.

http://www.ino.com/info/402/CD3784/&dp=0&l=0&campaignid=3

So check out the above video on the currency down under.  The guys over at Ino who make these videos are top notch.

All the best in your trading,

~Cory Mitchell, CMT
Chief Market Strategist
Remember, failed breakouts are tradeable too!