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FX.co ★ AUD/USD Bearish Outlook, April 13, 2011 (Daily Strategy)

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Forex Analysis

2011-04-13T15:28:51
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AUD/USD Bearish Outlook, April 13, 2011 (Daily Strategy)

AUD/USD Bearish Outlook, April 13, 2011 (Daily Strategy)

AUD/USD

The daily chart of AUD / USD, we believe that the pair has found a strong barrier to overcoming the price of 1.0580, from my point of view, if the pair tried again de1.0560 back to level, and fail in its attempt to drill, would be an opportunity to enter into short selling, with a target around the second Weekly support is the level of 1.0180.

However, if the pair descend and close below the weekly pivot around 1.0476 would be a clear indication to enter selling, our stop loss above the monthly maximum.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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