DESCRIPTION:
After the AUD/USD breach above 1.0275 a few days ago, this currency is supposed to go to the target of 1.0475; but as we can see this currency cannot break the resistance 1.0375 and looks like this pair have lost a bullish momentum, now this pair wants to retest again 1.0200 as the psychological level.
Recommendation:
Sell stop (pending order) at 1.0274.
Take profit at 1.0260.
Stop loss at 1.0284.
Or
Buy stop (pending order) at 1.0301.
Take profit at 1.0315.
Stop loss at 1.0291.
Best regards,
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
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