AUD/USD : Towards a return on 1.0
--- Follow up analysis ---
The pair AUD/USD has made yesterday a pullback on 1.0250 and also of the lower band of its bearish channel (brown lines). The price is now back on 1.02 as support.
We continue to advise short positions as far as 1.0250 is resistance. A return below 1.02 will comfort our bearish feeling. The breakout of 1.0150 and 1.01 will both give a new sell signal and should open the way to our target at 1.0.
In case of return above 1.0250, we will advise to wait the breakout of 1.03 to trade long positions.
Analysis published by Vincent, the 10/09/2012 at 10h00 GMT+2
Chart of the pair AUD/USD - Timeframe 4H
Chart of the pair AUD/USD - Timeframe 1H
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