Thursday, May 02, 2013

AUS / USD UPDATE: 02/05/13 06:35HRS

AUD / USD:

Price has failed to pull back to allow an entry with good risk reward.

You can see the Stochastic at the bottom of the chart has never made it out of the oversold region.

Price has made its way down to within 25 pips of the target at 1.0200.

I have removed my orders.

Chart below:

 


I will update again when the next strategy trade has been identified.

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