AUD/USD Hits Target Of 9116, Short At 9195/9200
CommodityOnline | Nov 26, 2013 05:42AM ET
AUDUSD continued lower as expected & hit our target of 9116. We shot higher from here to our selling opportunity at 9195/99 & topped almost exactly here at 9202. Again today exit longs & try shorts at 9195/9200 with stops above 9210.
A break higher could then target 9240/45. More likely is a move back towards 9175/70 then 9150 & possibly as far as 9140/38. We then need to watch the 9116 level as a break lower cannot be ruled out & could target 9072, possibly as far as 9043 later in the week.
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