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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: machala on March 07, 2011, 11:13:23 pm

Title: Trade Idea: AUD/USD ?Hold short entered at 1.0170
Post by: machala on March 07, 2011, 11:13:23 pm
Trade Idea: AUD/USD ?Hold short entered at 1.0170

<p>Despite Friday?s retreat to 1.0075, as aussie has rebounded from there to 1.0159, suggesting caution on our short position entered last week at 1.0170 and said intra-day resistance needs to hold to retain bearishness for another retreat. A break of said support at 1.0075 would suggest the rebound from 0.9944<img src="http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/nM9AKQDmQtg" height="1" width="1"/>

Source: Trade Idea: AUD/USD ?Hold short entered at 1.0170 (http://feeds.actionforex.com/~r/ElliottWaveDailyTrades/~3/nM9AKQDmQtg/)