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Forex Analysis: 2 Mar 2012, 14:36 UTC+00

AUD/USD Sell Bellow 1.08 for March 02, 2012 (Daily Strategy)


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 The AUD/USD pair

Yesterday the AUD / USD pair again has faled to close above the resistance level 1.08 W_R1. Thus, this morning during the American session we could observe the bearish reversal signals, Therefore, at current levels SELL-deals are recommend selling  with the level 1.0484 (W_S2) seen as the medium-term target.

Range indicator is located in the area 98 indicating the oberbought character of the aussie due to the release of the Australian fundamental data.

 


porras
porras
Performed by
analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2017
 Published: 2 Mar 2012, 14:36 UTC+00

 
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