Wednesday, August 1, 2012

AUD/USD Aug 1 -2012

Trade Idea AUD/USD intraday: bullish bias above 1.047.

Pivot: 1.047
Our preference: Long positions above 1.047 with targets @ 1.055 & 1.06 in extension.
Alternative scenario: Below 1.047 look for further downside with 1.042 & 1.038 as targets.
Comment: the RSI is bullish and calls for further upside.


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. Visit Us www.deryworldscorp.web.id

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