[B]DAILY AUD/USD OUTLOOK - 1.0266
25 Feb 2013 [I] 22:32GMT[/I][/B]
Despite y’day’s initial rebound fm 1.0262 to 1.0329, subsequent euro-led decline in NY session n then weakness to 1.0248 today suggests correction fm last Thur’s 4-mth low at 1.0221 has ended, below
1.0221 wud extend recent fall fm 1.0599 to 1.0190.
Wud be prudent to exit long as abv 1.0300/05 is needed to bring another rise to 1.0330/40.
[B]STRATEGY[/B] : Exit long
[B]POSITION[/B] : Long at 1.0275
[B]RES[/B] : 1.0315/1.0341/1.0375
[B]SUP[/B] : 1.0237/1.0221/1.0149