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Sunday, April 1, 2012

AUD/USD - Australian Dollar US Dollar : 02 APRIL 2012

AUD/USD TREND , LEVEL & STRATEGY FOR THE WEEK AHEAD : 02 APRIL 2012

ACTUAL RESISTANCE & BEST SHORT LEVEL 1.0460 FOR DOWNSIDE TGT 1.0208/1.0148 ; HOWEVER A BREAK ABOVE 1.0546 REVERSE YOUR TRADE FOR UPSIDE TGT 1.0654/1.0714

LTP – 1.0349

STRATEGY : AS US DOLLAR INDEX HAS SOME ROOM LEFT FORTHE DOWNSIDE TO CONSOLIDATE @ 78.48 WE EXPECT AUD/USD PAIR TO TEST THE BEST SHORT LEVEL 1.0460 , TRADER’S CAN BUILD SELL POSITION @ THESE LEVELS FOR THE DOWNSIDE TGT

TREND : FIRM BEARISH

http://www.forexpros.com/currencies/aud-usd

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