Tuesday, 25 September 2012

AUDUSD Corp bids around 1.0350-55

Heard there are some corporate bids in AUDUSD around 1.0350-55 level.

The stop loss are all below 1.0350 level. They are all place in the range of 1.0340/50.

I would still prefer to be patient and wait to sell on rally closer to 1.0400 level. Better risk and reward there.

Good luck
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2 comments:

  1. Effexlive25 September 2012 at 20:09

    The asian equities market are also stuck in the red. I reckon that will pressure audusd on the downside. However, there are some bids holding it up for now.

    :)

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  2. Effexlive25 September 2012 at 20:11

    I still see some resistance in Aud/usd at 1.0410/20 level and stronger one at 1.0445. 1.0445 being the top of the ichimoku daily cloud and 1.0420 level being the bottom of the ichimoku cloud on hourly charts.

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