AUD/USD Technical Analysis (Australian Dollar / US DOllar)
January 25, 2013 1:48 AM EST
|AUD/USD : Short term bearish channel|
--- Follow up analysis ---
I advise traders to remain flat on parity as far as the price will move between 1.05 and 1.0525.
- Only long positions get back above 1.0525. Upward breaks of 1.0550 and then 1.0575 will offer new buy signals for a return on 1.06.
- Only short positions below 1.05. Downward breaks of 1.0475 and then 1.0450 will offer new sell signals for an extension of the downtrend towards 1.04.
Analysis published by Vincent, the 01/24/2013 at 09h30 GMT+2
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