Saturday, March 2, 2013

AUDUSD/NZDUSD: Further bearish pressure 04/03/2013

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There is still considerable bearish pressure on both pairs. At the close of trading on friday (01/03/2013) we saw a 50% pull-back on both pairs from the pin bars of Thursday's trading. Further bearishness is expected on both pairs.

My recommendation: stay bearish till about 1.0173 on (AUDUSD) and 0.8166 (NZDUSD)

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