DAILY AUD/USD OUTLOOK - 1.0266
25 Feb 2013 22:32GMT
25 Feb 2013 22:32GMT
Despite yesterday's initial rebound from 1.0262 to 1.0329, subsequent euro-led decline in NY session and then weakness to 1.0248 today suggests correction from last Thursday's 4-month low at 1.0221 has ended, below 1.0221 would extend recent fall from1.0599 to 1.0190.
It would be prudent to exit long as above 1.0300/05 is needed to bring another rise to 1.0330/40.
STRATEGY : Exit long
POSITION : Long at 1.0275
RES : 1.0315/1.0341/1.0375
SUP : 1.0237/1.0221/1.0149