AUD Trading Outlook (06-08-2013)
INTRADAY CONCLUSION: I always think it’s best to wait until after the big risk event before trading, rather than guessing which way the market will go. See how the market reacts and then make a trading decision; if resistance at .9000 seems to be holding, then you can try selling with stops above .9050. The downside is a bit trickier given the strong downtrend, so if short-term support levels cannot hold, bulls should wait for levels closer to .8770.
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