AUD/USD Signal - June 12, 2012

Alp Kocak

By: DailyForex.com

Currency: AUD/USD
Trend Expected Direction: Down
Method: Ichimoku, Technical Analysis
Description: AUD/USD found support at 0.9850 and now preparing for a retracement. This position is against the current trend so when the pair reaches 0.9920, move stop-loss to entry level.
Recommendation: Long
Entry: 0.9887
Target Area: 0.9935 and 0.9970
Stop-Loss: 0.9865

AUD/USD Signal - June 12, 2012

Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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