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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, July 25, 2010

AUD/USD----A journey to the South to begin soon ??

Aud /Usd  reached 0.8969 highest Last week. The Bullish divergence on both H4 and Daily Chart  may indicate the possibility of further upward movement till the next resistance at 0.9011 on Daily Chart .

Basing on Elliot Wave analysis, not shown, the next residual wave may end at near 0.90500 , which is also the Fibo projection of 1.2700 being 0.9025  ( From recent low 0.8083 to recent high 0.8850)


Daily Chart AUD/USD


H4  AUD/USD

Strategy

SELL DOWN on further Lifting movement  near 0.9025-0.9050

Target : First Target is 0.8720 (Ichimoku Cloud Top Support on Daily Chart)
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