Monday, September 17, 2012

AUD/USD intraday: intraday support around 1.0505.


Pivot: 1.0505
Our preference: Long positions above 1.0505 with targets @ 1.058 7 1.0615 in extension.
Alternative scenario: Below 1.0505 look for further downside with 1.0455 & 1.042 as targets.
Comment: a support base at 1.0505 has formed and has allowed for a temporary stabilisation.

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