Tuesday, 9 October 2012

Fading the audusd up here!

I have just sold some audusd here. A smaller amount as I will need to put a
Further stop.

I am looking for audusd to go back below 1.02 to continue with its down trend.

I heard earlier aud have been bid as some traders were squaring their short position ahead of the australia job data tomorrow. I still believe that aud wil be under pressure unless the Job number post a significant improvement.

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