Wednesday, September 19, 2012

AUD/USD intraday: under pressure.


Pivot: 1.048
Our preference: Short positions below 1.048 with targets @ 1.041 & 1.0385 in extension.
Alternative scenario: Above 1.048 look for further upside with 1.0515 & 1.055 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

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