Sunday, March 30, 2014

AUDUSD: Targeting 0.9350 Following Pullback To 0.920-21

Bullish volume has continued to increase whilst the reduction in short positions in the COTS has seen the largest 1-week shift since the decline in May 2013. This fuels my bias for further gains for the near-medium term, with price action also supporting this view. Currently within a suspected bullish



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