NPriceFX
Short

AUDUSD Entering Area of Supply

FX:AUDUSD   Australian Dollar / U.S. Dollar
68 0 1
Monthly Chart - AUSUSD has now retraced about 50% of its fall during the earlier part of 2013. The area between 0.96 and 0.98 has proved to be significant both in terms of support and resistance in previous years. The pair is overbought on the daily charts and as a consequence, any signs of exhaustion would represent good opportunities to sell this pair.
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