Trade Idea: AUD/USD – Buy At 0.9190

Although aussie retreated after rebounding to 0.9279 yesterday and marginal weakness from here is likely, support at 0.9170/74 should hold and bring another rebound and break of resistance at 0.9330 would extend recent rise from 0.8735 towards last year’s high of 0.9407 later.

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This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.