Monday, April 8, 2013

AUDUSD Price Action: Closing Price Reversal Trade Setup, 08/04/2013

 AUDUSD closed above key support zones (between 1.0370 & 1.0407) after price failed to close below these zones. A Closing price Reversal Price Action Setup ensures subsequently. If this setup is sustained, price would attempt to reach the next resistance zone at about 1.0485.

My Recommendation: One more trading day's wait is necessary.

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