Trade Idea: AUD/USD – Sell at 0.9990

Posted by on Dec 2, 2012

Although aussie has retreated after rebounding to 0.9898 yesterday, break of recent low of 0.9690 is needed to signal recent decline has resumed and extend further weakness to previous support at 0.9664, however, loss of near term downward momentum should prevent sharp fall below there and reckon 0.9600 would hold

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