PSamos
Short

AUD/USD - Nearing Major Resistance In 0.7380 - 0.7345 Zone

FX:AUDUSD   Australian Dollar/U.S. Dollar
For Educational Purposes Only.

Price is approaching major resistance up near 0.7380 - 0.7345-50 area. If weakness is shown in this area, I would look to Sell on either a counter trend trade back down towards 0.7215 from current levels with the stop just above previous high near 0.7345 or, a more longer term trade with a sell back down towards 0.7155 from current levels with a more wider stop possibly several pips above 0.7380.

AUD is at a major resistance on the Futures contracts and the US Dollar             is looking quite buoyant.

Mood: Bearish .
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