Trade Idea: AUD/USD – Buy at 1.0000

Posted by on May 19, 2013

As aussie has continued to trade with a firm undertone after recent rally, adding credence to our view that the rebound from 0.9581 low is still in progress and near term bullishness remains for a stronger retracement of recent decline to 1.0190-00, however, overbought condition should limit upside to 1.0215-20

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