Tuesday, July 02, 2013

AUD / USD: 02/07/2013. 06:49HRS

AUD / USD:

AUD / USD is in a down trend.

Chart below:

 
Price has pulled back over the past 48hrs allowing a short position to be considered.
 
Price has now broken down through the averages and I am looking to enter short as detailed below.
 
Levels and Chart below:
 
1st Entry: 0.9190
2nd Entry: 0.9210
 
Averaged entry: 0.9200
 
Stop Loss: 0.9240
 
Target: 0.9000
 

 

 
I will update again should the position be opened.
 
 
 

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