Wednesday, October 02, 2013

AUD / USD UPDATE: WEDNESDAY 2ND OCTOBER 2013. 06:21HRS

AUD / USD:

Price has made an attempt to move higher over night.
The position has been in profit by 0.5% but is stalling.
There is a cross of the short term averages against the position.

I have therefore decided to close the position at break even.

Chart below:

 

 
I will look to reenter a long position if and when price action show so upside momentum.
 
 

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