AUD/USD Near Term at Risk Below .9400

| 27 september, 2013 | 0 kommentarer

4Hour

eliottWaves_aud-usd_body_audusd.png, AUD/USD Near Term at Risk Below .9400

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

AUDUSD has completely retraced last Wednesday’s large range (largest in 20 days) advance.

-Price has reached the 38.2% retracement of the April-August decline. The next resistance would be the 100% expansion of the 8/19-8/30 decline at .9573 and 2012 low at .9580.

-Daily RSI(21) exceeded 60 and dropped back below. This event has indicated important turns throughout 2013.

Trading Strategy: Can see price headed lower while under .9400 towards .9230 before a bounce. If that scenario unfolds, then will look to sell that bounce.

LEVELS: .9244 .9284 .9335 | .9380 .9426 .9480

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Kategori: Analys från DailyFX

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DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

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