DAILY AUD/USD OUTLOOK - 1.0401
18 Mar 2013 22:00GMT
Despite y’day’s initial euro-led selloff to 1.0332 (NZ), subsequent strg bounce in NY to 1.0410 signals pullback fm Fri’s 5-week top at 1.0415 is over n abv said res wud extend recent rise fm 1.0116 to correct MT fall fm 1.0625 to extend twd 1.0330/40.
Exit previous short as below 1.0375/80 needed to revive prospect of another retreat twd 1.0332.
STRATEGY : Exit short
POSITION : Short at 1.0385
RES : 1.0415/1.0433/1.0485
SUP : 1.0332/1.0303/1.0283