DAILY AUD/USD OUTLOOK - 0.9210
17 Jul 2013 05:58GMT
Y’day’s anticipated rally to 0.9261 suggests upmove fm last Fri’s 34-month low of 0.8998 to retrace recent downtrend remains in progress n further gain twd daily chart obj. at 0.9306 is envisaged, however, 0.9345 res shud hold fm here.
Buy again on dips with stop as indicated n only below 0.9147 wud signal top made n risk 0.9105.
STRATEGY : Hold long
POSITION : Long at 0.9210
OBJECTIVE : 0.9300
STOP-LOSS : 0.9170
RES : 0.9306/0.9345/0.9400
SUP : 0.9147/0.9105/0.9036