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AUD/USD: Short Entry Sought Below 0.90 Level

AUD/USD: Short Entry Sought Below 0.90 Level

2010-05-14 07:25:00
Ilya Spivak, Sr. Currency Strategist
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Strategy: Pending Short

AUDUSD broke down below the psychologically significant 0.90 figure and are now re-testing the level to he upside after recoiling from support in the 0.8642-0.8746 congestion region. Entering short does not look attractive from a risk/reward perspective at current levels and we will remain on the sidelines for now.

05142010 AUD


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