FX.co ★ AUD/USD - Strong Resistance 1.0586, For December 13, 2012 (Daily Strategy)

No doubt this is the pair that has remained bullish for months, very good for carry trade. Yesterday after the Fed announcement it was up against the dollar, and it was slowed by the strong resistance at 1.0586. This level for several months has demonstrated its strength. So if the pair goes up again to 1.0585, you can sell, with target to the weekly pivot of 1.0464, our key support level. The stop loss should be placed at the level of 1.06, very tight.
Technical indicators are showing an imminent decline.

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