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Pending AUDNZD Short (Scalping Strategy)

By Michael Boutros, Currency Strategist
18 July 2011 15:35 GMT

We’ll attempt a short with a break below interim support at 1.2530 targeting the 261.8% short-term Fibonacci extension taken from the July 6th and 12th crests at 1.2585. Stops above 1.2565 once entry triggered.

Updated AUD/NZD CHART

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18 July 2011 15:35 GMT