Tuesday, August 18, 2009

AUDUSD (0.8220)

AUDUSD is moving nicely in a downward trend and is looking to target
0.8100 level. Currently traders will like to sell AUDUSD on rise to
0.8270 level which could also be averaged out if it further rise to
0.8310 level. The target can be seen below 0.8150 level.

Recommended Trade Levels

Trade 1: Sell AUDUSD @ 0.8270
Trade 2: Sell AUDUSD @ 0.8310
Stop: 0.8350
Profit Target 1: 0.8140
Profit Target 2: 0.8100