[B]WEEKLY OUTLOOK AUD/USD - 1.0273
25 Feb 2013 [I]02:24GMT[/I][/B]
As aud has fallen after a rebound fm last Thur’s 4-month low at 1.0221, suggesting MT fall fm 1.0599 (Jan) wud pressure price twd pivotal sup at 1.0149, below needed to retain bearishness n bring stronger retrace. of intermediate rise fm 0.9581 twd 0.9980.
Hold short in anticipation of subsequent weakness to indicated downside target n only a daily close abv 1.0368/75 res signals temporary low is in place n risks stronger retracement to 1.0410/20.
[B]STRATEGY[/B] : Hold short
[B]POSITION[/B] : Short at 1.0345
[B]OBJECTIVE[/B] : 1.0155
[B]STOP-LOSS[/B] 1.0345
[B]RES[/B] : 1.0375/1.0459/1.0485
[B]SUP[/B] : 1.0221/1.0149/1.0000