19th February 2015 – Technical Outlook

AUD/USD

FROM HERE: should be a quiet trading day given no data release. Play the range 0.7780—0.7840

BUT: below 0.7725 may bring back the bears in force to test new yearly low

COMMENT: for medium term trade ( up to 2wks) happy to stay long as long as 0.7725 holds. Targeting around 0.8000

19-02-15

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