Technical Strategist 04 May 2012 07:29 GMT
AUD/USD: Our bearish outlook in this market remains intact and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower top is now sought out by 1.0475 but only back above 1.0640 would ultimately delay and give reason for concern. From here, look for a break back below 1.0225 to confirm bias and accelerate declines.
AUD/USD: Our bearish outlook in this market remains intact and we continue to project deeper setbacks over the coming days and weeks back below parity. A fresh lower top is now sought out by 1.0475 but only back above 1.0640 would ultimately delay and give reason for concern. From here, look for a break back below 1.0225 to confirm bias and accelerate declines.
No comments:
Post a Comment