Friday, April 17, 2015

Trade Idea: AUD/USD - Buy at 0.7730

Aussie's rally after finding good support at 0.7553 signals a temporary low has been formed at 0.7533 earlier (tentatively wave (5) trough) and consolidation with mild upside bias remains for retracement of early decline towards resistance at 0.7884, however, break of key resistance at 0.7938 is needed to provide confirmation,



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