|AUD/USD : Short term bearish channel|
--- Follow up analysis ---
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.
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|
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