AUDUSD - Daily technical Outlook (11:01 CET)

05 November 2009 @ 08:30 am EDT

The parity is currently finding a strong resistance on 0.91. 0.9150 has been reached in extension but the pricde got back below 0.9100 thereafter. The price is currenlty testing the bearish slant. As far as 0.91 is resistance, we will advise to trade only short positions. A break out of this level will offer a buy signal.

http://www.tribuforex.fr/img_vrac_2/audusd05112009.png

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