TradeAlerter
Short

AUD/USD Downside and Possible Range Break

FX:AUDUSD   Australian Dollar / U.S. Dollar
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1
Sell with stop above large reported offers at 1.0460 with targets at 1.0360 1.0310 and if the 1.030-1.06 range breaks we looking for 1.0190. Multiple reasons for sell post RBA on the 5th FEB 2013 with the market selling into strong economic data and neutral RBA statement with European Political Fears Trumping.

Comments

Jobs weak went looked at closer, Market happy to sell after the ECB event risk, many calls of parity in last 24 hours
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2nd take profit has been hit we can expect some consolidation ahead of tomorrow's Unemployment numbers before further selling unless the Jobs numbers are steller
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i agree
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