Friday, October 3, 2014

Trade Idea: AUD/USD - Sell at 0.8895

Aussie's rebound after falling to 0.8663 earlier this week suggests a temporary low has been formed there and consolidation above this level is seen with mild upside bias for retracement to 0.8835 (38.2% Fibonacci retracement of 0.9112-0.8663), however, upside should be limited to 0.8895-00 and bring another decline later. A



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