AUD/USD Technical Analysis (Australian Dollar / US DOllar) - Forex
International Business Times
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February 15, 2013 1:13 AM EST

Forextribe
Updated the:
02/14/2013
AUD/USD : Short term bearish channel

Sentiment :
sentiment sur la parité AUD/USD
1,04
sentiment sur la parité AUD/USD
1,0350
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair AUD/USD is rebounding since two days, from the lower band to the upper band of its downtrend channel (brown lines on chart). The level at 1.0350 is currently tested.
This morning, the price attempts to take up its downward movement.

I advise traders to trade only short positions as far as 1.0350 is resistance. A retrun below 1.03 will reinforce our bearish sentiment. A break of 1.0250 would give a new sell signal for an extension of the bearish rally towards 1.02 or lower level is this level is broken.

In case of return of  above 1.0350 then I would advise traders to wait for a breakout of 1.04 (exit of the channel) before trading long positions.
Full analysis

Analysis published by Vincent, the 02/14/2013 at 09h15 GMT+2

- Complete sheet of the pair AUD/USD - Previous AUD/USD Analysis -
Chart of the pair AUD/USD - Timeframe 1H
AUD/USD Technical Analysis
Chart of the pair AUD/USD - Timeframe 4H
AUD/USD Technical Analysis
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