Thursday, February 26, 2015

Trade Idea: AUD/USD - Buy at 0.7800

Aussiie's rally after finding renewed buying interest at 0.7739 suggests a temporary low has been formed at 0.7626 earlier and consolidation with upside bias is seen for retracement of recent decline to 0.7940-50 and possibly towards 0.8000, however, near term overbought condition would limit upside and reckon resistance at 0.8025



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