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Friday, 24 May 2013

AUD-USD Technical Analysis: 24 May 2013, Friday, 12.20pm Singapore Time

AUD-USD Technical Analysis: 24 May 2013, Friday, 12.20pm Singapore Time

Attached above is the chart of AUDUSD currently at the 0.96000 level.
Short the AUDUSD as per chart above.
Important points as below:

1. Australian Dollar (AUD) breaks down YELLOW Support
2. Australian Dollar (AUD) breaks down PINK Support
3. Point 1 and Point 2 ==> Means Signal of Clear Intention by Big Hands (Shorting is hence for Main-trend big direction, Longing is hence for Counter-trend fast in fast out)
4. Breakdown of RED Symmetrical Triangle (Not a surprise and was expected because BIG HANDS signalled Intention in Point 1 and Point 2 already)
5. Take all profits at 0.88000 (856 pips per contract profits, where 1 pip = 1 USD)
6. Accumulate shorts ranging from 100-500 contracts.

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