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Trade Idea: AUD/USD - Buy At 0.8920 - forex fx daily current outlook

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Old 01-26-2010, 10:04 AM
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Join Date: Sep 2008
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Default Trade Idea: AUD/USD - Buy At 0.8920

The Australian dollar has fallen after meeting renewed selling below resistance at 0.9093 and although weakness towards 0.8910 cannot be ruled out, reckon downside would be limited to 0.8878 (61.8% projection of 0.9331 to 0.8983 measuring from 0.9093) would hold from here and bring rebound due to loss of downward...

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