Tuesday, April 2, 2013

AUDUSD Daily Range

myfxvoyage.blogspot.com AUDUSD Short trade
AUDUSD Daily
Looks like AUDUSD is range bound between 1.06 and 1.0150. Price is oscillating between these levels since August-2012. 

After the recent RBA statement, price are moving up, but I expect that to be limited. I am planning to short the pair near to trendline, which has restrained price previously also. This area comes around 1.05.




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