DAILY AUD/USD OUTLOOK : March 8, 2013

[B]DAILY AUD/USD OUTLOOK - 1.0272[/B]

[B]07 Mar 2013[/B] [I][B]22:36GMT[/B][/I]

Aud’s rebound fm 1.0219 to 1.0291 y’day signals pullback fm 1.0303 (Wed) has ended there n abv said res wud extend upmove fm Mon’s 7-1/2 month low at 1.0116 twd 1.0329, however, loss of momentum wud cap price at 1.0341 n yield subsequent retreat.

Raise long entry for this move n only a daily close below 1.0219 signals recovery over, 1.0182/83

[B]STRATEGY[/B] : Buy at 1.0250

[B]OBJECTIVE[/B] : 1.0325

[B]STOP-LOSS[/B] : 1.0215

[B]RES[/B] : 1.0303/1.0341/1.0375

[B]SUP[/B] : 1.0219/1.0193/1.0154