WEEKLY OUTLOOK AUD/USD - 1.0273
25 Feb 2013 02:24GMT
25 Feb 2013 02:24GMT
As AUD has fallen after a rebound from last Thursday's 4-month low at 1.0221, suggesting MT fall from 1.0599 (Jan) would pressure price toward pivotal support at 1.0149, below needed to retain bearishness and bring stronger retrace of intermediate rise from 0.9581 towad 0.9980.
Hold short in anticipation of subsequent weakness to indicated downside target and only a daily close above 1.0368/75 ressistance signals temporary low is in place and risks stronger retracement to 1.0410/20.
STRATEGY : Hold short
POSITION : Short at 1.0345
OBJECTIVE : 1.0155
STOP-LOSS : 1.0345
RES : 1.0375/1.0459/1.0485
SUP : 1.0221/1.0149/1.0000