Friday, July 20, 2012

AUD/USD Jul 20 -2012


 Trade Idea AUD/USD intraday: the upside prevails.

Pivot: 1.035
Our preference: Long positions above 1.035 with targets @ 1.045 & 1.05 in extension.
Alternative scenario: Below 1.035 look for further downside with 1.029 & 1.023 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.


Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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