Wednesday, October 23, 2013

Trade Idea: AUD/USD - Buy at 0.9530

Despite intra-day rise to 0.9758, lack of follow through buying and current sharp retreat suggest a temporary top is possibly formed and consolidation with mild downside bias is seen for correction to 0.9575-80 (38.2% Fibonacci retracement of 0.9281-0.9758), however, reckon previous resistance at 0.9529 would limit downside and bring another



Continue Read...


0 comments:

Post a Comment

Site Search