Wednesday, February 27, 2013

AUD/USD ~ 27 February 2013

The AUD/USD has finally hit my target:

As you can see, we've been trading between 1.015 and 1.06 for quite some time. If 1.015 holds again, we'll most likely get a rally back to 1.06ish. Should 1.015 convincingly break though, a decline to 0.96ish should follow.