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January 28, 2013

Weekly forex post – AUD/USD 28th January – 02nd February ,2013

Posted by: FreeForexSignal.com @ 02:41 GMT Category: AUD/USD,Signals,Weekly Forex

Technical view – AUD/USD

AUD/USD this week

SPOT AUD/USD Previous week OHLC
Open High Low Close Change
1.0510 1.0579 1.0398 1.0422 -0.0086
Weekly Support and Resistance
Resistance
Support
R3 1.0650
R2 1.0550
R1 1.0460
   
S1 1.0350
S2 1.0225
S3 1.0100

AUD/USD ended the week with losses of 0.82%. The pair was seen consolidating in the1.0350- 1.0550 range. Close below 1.0350, the pair can slide to 1.0100. The upside for now capped at 1.0650- 1.0700

audusd weekly chart

Trend direction

  • The near, medium and long term trend- Bullish

Recommendations

  • Long:
    • Long AUD/USD at 1.0350 with a stop loss at 1.0300 for a profit target of 1.0450.
  • Short:
    • Short AUD/USD at 1.0300 with a stop loss at 1.0360 for a profit target of 1.0210
    • Short AUD/USD at 1.0570 with a stop loss at 1.0610 for a profit target of 1.0450
Post ID: 3649
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