AUDUSD Daily Outlook for 11th December , 2013 (Wednesday)
Daily Chart
"Price actions shows temporary bullish trend"
- Broke up higher to reach previous weeks high
- Looks like its heading to test the 0.92500
Hourly Chart
"Trade with the flow seems the right thing to do now"
- Stochastic showing divergence from previous low to current low.
- very good price action to the upside yesterday
Outlook Trade opportunity
Trade with the trend, looking for price to retrace to 0.91250 for a long to yesterdays high. (please target 5-10pips below yesterdays high for conservative trade)You could take profit on half, and leave the rest of the trade risk free to see if it continues to go north.
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