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Wednesday, 11 July 2012

2012.07.11 02:06:32 AUD/USD intraday: key ST resistance at 1.024.

AUD/USD intraday: key ST resistance at 1.024.

Update on supports and resistances.
Pivot: 1.024

Our preference: Short positions below 1.024 with targets @ 1.015 &
1.0085 in extension.

Alternative scenario: Above 1.024 look for further upside with 1.028 &
1.0325 as targets.

Comment: as long as 1.024 is resistance, look for choppy price action
with a bearish bias.

Key levels
1.0325
1.028
1.024
1.01847 last
1.015
1.0085
1
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