Trade Idea: AUD/USD – Hold long entered at 0.9850

Posted by on Apr 2, 2013

The Australian dollar found renewed buying interests at 0.9850 yesterday and has rebounded in line with our expectations, retaining our bullishness for another test of this week’s high of 1.0010, however, break above there is needed to extend the rise from 0.9581 low for a stronger retracement of recent decline

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