Wednesday, May 01, 2013

AUD / USD: 01/05/13. 19:04HRS

AUD / USD:

This cross has been making lower highs and lower lows on the medium term charts.

Chart below:


Price has today broken through the averages and a trend line support.

I am looking for a short position as detailed below:

Levels and Chart below:

1st Entry: 1.0320
2nd Entry: 1.0330

Stop Loss: 1.0350

Target: 1.0200

 
I will update again should the trade be triggered.
 
 

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