Tuesday, March 31, 2009

AUD/USD Trendline Break

This is AUD/USD 4-hour chart and I am short at 0.6805 on assumption that liquidation setup here is similar to EUR/USD.

Risk Aversion is creeping back with S&P futures down more than 3% and the lows supported by the 20-day MA..

Anyway I look for a pullback to 61.8% fibonacci retracement level around 0.6600.

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