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12 Sep 2013
Flash: AUD/USD is probing the July peak
FXstreet.com (London) - Karen Jones explains the AUD/USD is probing the July peak at .9318.
Key Quotes:
“Key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside and we look for failure in and around this zone”.
“We have minor support at .9225/33 and below here should trigger a slide to the 55 day ma at .9117”.
“Current Position: Short .9315. Recommended Trade: Add at .9375 with a stop at .9410 and target at .8750”.
Key Quotes:
“Key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside and we look for failure in and around this zone”.
“We have minor support at .9225/33 and below here should trigger a slide to the 55 day ma at .9117”.
“Current Position: Short .9315. Recommended Trade: Add at .9375 with a stop at .9410 and target at .8750”.