FX.co ★ AUD/USD technical analysis for February 4, 2013

DESCRIPTION:

There is no significant fundamental aspects already released for this currency, but from the technical point of view AUD/USD still has a Bearish Momentum. It is pointed out by the fact all the three Moving Averages are still in a "Death Cross" formation pattern. For today there is possibility for this currency to test the 1.0400 support.

Recomendation:

SELL stop pending order is at 1.0399.
Take profit is at 1.0385.
Stop loss is at 1.0409.
Or
BUY stop pending order at 1.0433.
Take profit is at 1.0447.
Stop loss is at 1.0437.

Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com

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