[B]DAILY AUD/USD OUTLOOK - 1.0285
06 May 2013 01:30GMT[/B]
Despite last week’s selloff fm 1.0386 to 1.0222 (Thur), Fri’s strg bounce to 1.0323 (NY) suggests further choppy trading abv Apr’s low at 1.0221 wud continue with mild upside bias, however, reckon res at 1.0386 shud hold n yield another fall later.
Buy on dips n only below 1.0240 signals decline fm 1.0586 has resumed, 1.0221/22, break, 1.0100/03.
STRATEGY : Hold long
POSITION : Long at 1.0285
OBJECTIVE : 1.0345
STOP-LOSS : 1.0255
RES : 1.0323/1.0339/1.0386
SUP : 1.0240/1.0221/1.0162