AceTraderForex Aug 5 : Daily Outlook on Minors/Crosses AUD/USD


DAILY AUD/USD OUTLOOK - 0.8905
05 Aug 2013 07:14GMT

Although aussie has rebounded after extending  

MT fall to a near 3-year low of 0.8848 in Asia, as
long as 0.8970 holds, downside bias remains for
another drop twds said sup but loss momentum wud
keep price abv 0.8800 n yield correction later.
Sell on recovery with stop as indicated, break
wud risk stronger pullback to 0.9010.

STRATEGY : Sell at 0.8935

OBJECTIVE : 0.8860

STOP-LOSS : 0.8980

RES : 0.8937/0.8970/0.9010

SUP : 0.8848/0.8800/0.8770

i wish you all the best with your trading, but dont you believe aussie will be retracing, ill be looking for buy opportunities