FX:AUDUSD   Australian Dollar / U.S. Dollar
39 3 1
Following the recent rejection of 0.82 and break of previous low 0.80869 I returned to this chart.

Levels of Support now fall to 0.80646 (May-2010 Low) and 0.80224 (Equal Distance Apr-13 High)

Maybe short 0.7950-7960
Reply
Mocean Cityfox
You'd have to watch PA very carefully and AUD cross pairs - there's always the possibility of a false break Fake-Out.

Also I would read into Holiday trade and TA with cation - as the limited liquidity can result in strange moves. I haven't heard anything but there's always the Option (Barrier) possibility - someone maybe trying to crack 0.80?

I think you're better off Risk:Reward wise to go Long with a tight stop at a Key level.
Reply
Cityfox Mocean
Thank you.
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