DAILY AUD/USD OUTLOOK - 1.0215
28 Feb 2013 22:00GMT
Despite y'day's intra-day rally to 1.0290, subsequent euro-led decline in NY signals correction fm Wed's 4-1/2 month low at 1.0183 has ended n the MT fall fm 1.0599 (Jan) is likely to resume twd 1.0149 after consolidation but 1.0100 shud remain intact.
Turn short on recovery for this move n only abv1.0290 risks stronger retrace. to 1.0320/30 b4 down.
STRATEGY : Sell at 1.0235
OBJECTIVE : 1.0205
STOP-LOSS : 1.0255
FORECAST : 1.0205 / 1.0235
RES : 1.0245/1.0270/1.0290
SUP : 1.0183/1.0149/1.0100
28 Feb 2013 22:00GMT
Despite y'day's intra-day rally to 1.0290, subsequent euro-led decline in NY signals correction fm Wed's 4-1/2 month low at 1.0183 has ended n the MT fall fm 1.0599 (Jan) is likely to resume twd 1.0149 after consolidation but 1.0100 shud remain intact.
Turn short on recovery for this move n only abv1.0290 risks stronger retrace. to 1.0320/30 b4 down.
STRATEGY : Sell at 1.0235
OBJECTIVE : 1.0205
STOP-LOSS : 1.0255
FORECAST : 1.0205 / 1.0235
RES : 1.0245/1.0270/1.0290
SUP : 1.0183/1.0149/1.0100