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AUD/USD Trades Between 20 day MA and Near Term Fibo

By , Sr. Technical Strategist
07 May 2014 21:18 GMT

Daily

AUD/USD Trades Between 20 day MA and Near Term Fibo

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“AUDUSD dropped into the April low / trendline on NFP and rebounded into the 61.8% of the decline today (Tuesday).”

-“If the broader bull move has resumed, then expect .9300/20 to hold as support.” The rate held .9320 on Tuesday before

LEVELS: .9275 .9300 .9320 | .9362 .9412 .9446

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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07 May 2014 21:18 GMT