On a longer term, the 50% retracement level of the November-February up-swing provides a good support. The target on the mid-term is set in the 1.0800 area.
Wednesday, April 18, 2012
AUDUSD long scenario. 2012.04.18
There has been a break and retest of T1 descending trend line that provides strength for the bulls. The 1.0320 area is a good support now as it was a previous local high and then a local low.
On a longer term, the 50% retracement level of the November-February up-swing provides a good support. The target on the mid-term is set in the 1.0800 area.
On a longer term, the 50% retracement level of the November-February up-swing provides a good support. The target on the mid-term is set in the 1.0800 area.
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