AUD/USD Technical Analysis (Australian Dollar / US DOllar)

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January 25, 2013 1:48 AM EST

Forextribe


Updated the:
01/24/2013
AUD/USD : Short term bearish channel

Sentiment :

1,0525

1,05

--- Follow up analysis ---
The pair AUD / USD just felt on the support at 1.05. At the same level, the upper band of the previous short-term bearish channel also gave support (brown segments on the chart).

I advise traders to remain flat on parity as far as the price will move between 1.05 and 1.0525.
I advise traders to wait an exit of this range to take positon :

- 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.
Full analysis

Analysis published by Vincent, the 01/24/2013 at 09h30 GMT+2

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