DESCRIPTION:
This currency still continue its bearish movement. After the pair broke bellow the 1.0225 yesterday, the AUD/USD now continues its downside movemet to reach new target at 1.0025 as long it does not touch the 1.0325.
Recommendation:
SELL Stop (Pending Order) @ 1.0199.
Take Profit @ 1.0185.
Stop Loss @ 1.0209.
Best regards,
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
http://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Blog : blog.mt5.com/arief
Disclaimer :
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2013 |
AUD/USD Technical Analysis for February 27, 2013
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