Friday, June 29, 2012

AUD / USD Friday 29th June 2012 10:06hrs

AUD / USD

This pair is in a mid term up trend. Price has found support at the 38/2% Fibonacci level of the last swing move.

Chart below:



Price now created a new high with a higher low and I am looking to enter long on a pull back to the averages.

Entry levels and chart below:

Entry 1.0100

Stop: 1.0065

Target: 1.0275


I will update again if and when the trade is triggered.

Best Regards


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