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DAILY AUD/USD OUTLOOK - 1.0266
25 Feb 2013 22:32GMT
Despite y'day's initial rebound fm 1.0262 to 1.0329, subsequent euro-led decline in NY session n then weakness to 1.0248 today suggests correction fm last Thur's 4-mth low at 1.0221 has ended, below 1.0221 wud extend recent fall fm 1.0599 to 1.0190.
Wud be prudent to exit long as abv 1.0300/05 is needed to bring another rise to 1.0330/40.
STRATEGY : Exit long
POSITION : Long at 1.0275
RES : 1.0315/1.0341/1.0375
SUP : 1.0237/1.0221/1.0149
25 Feb 2013 22:32GMT
Despite y'day's initial rebound fm 1.0262 to 1.0329, subsequent euro-led decline in NY session n then weakness to 1.0248 today suggests correction fm last Thur's 4-mth low at 1.0221 has ended, below 1.0221 wud extend recent fall fm 1.0599 to 1.0190.
Wud be prudent to exit long as abv 1.0300/05 is needed to bring another rise to 1.0330/40.
STRATEGY : Exit long
POSITION : Long at 1.0275
RES : 1.0315/1.0341/1.0375
SUP : 1.0237/1.0221/1.0149
