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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on February 16, 2011, 11:02:26 pm

Title: Trade Idea: AUD/USD ?Hold short entered at 1.0065
Post by: machala on February 16, 2011, 11:02:26 pm
Trade Idea: AUD/USD ?Hold short entered at 1.0065

<p>Although aussie has recovered again after falling to 0.9944 yesterday, as long as yesterday?s high of 1.0058 holds, bearishness remains for the fall from 1.0201 to resume after consolidation, break of said support would extend weakness to 0.9900, however, reckon support at 0.9865/70 would hold on first testing.</p><img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/Pa0Cp1EFKXQ" height="1" width="1"/>

Source: Trade Idea: AUD/USD ?Hold short entered at 1.0065 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/Pa0Cp1EFKXQ/)