AUD/USD : Towards a return on 1.0
--- Follow up analysis ---
The pair AUD/USD continues to move on the lower band of its medium term bearish channel (brown lines) and just found support this moring on 1.02.
We continue to advise short positions as far as 1.0250 is resistance. The breakout of 1.02 will give a new sell signal and will open the way towards 1.0150 and 1.01.
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 10/15/2012 at 10h00 GMT+2
Chart of the pair AUD/USD - Timeframe 4H
Chart of the pair AUD/USD - Timeframe 1H
|AUD/USD Live Chart - Timeframe : 4h|