Thursday, October 2, 2014

Trade Idea: AUD/USD - Sell at 0.8895

Despite yesterday's marginal fall to 0.8663, as the Australian dollar found support there and has rebounded since, suggesting minor low has been formed and consolidation above this level would be seen, hence retracement to 0.8835 (38.2% Fibonacci retracement of 0.9112-0.8663) cannot be ruled out, however, upside should be



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