Friday, January 23, 2015

Trade Idea: AUD/USD - Sell at 0.8050

Aussie finally broke below previous support at 0.8033 and indicated psychological support at 0.8000 was also tripped today, confirming recent decline has resumed and further weakness to 0.7910-15 (50% projection of 0.8796-0.8033 measuring from 0.8295) would be seen, below would extend selloff to 0.7890-00 but reckon 0.7840-50 would hold from



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