Friday, February 27, 2015

Trade Idea: AUD/USD - Hold long entered at 0.7800

As aussiie has retreated after yesterday's brief rise to 0.7913, suggesting consolidation would be seen, however, reckon downside would be limited to 0.7775-80 and bring another rise later, above said resistance would extend the erratic rise from 0.7626 low for retracement of recent decline to 0.7940-50 and possibly towards 0.8000



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