AUD/USD technical analysis for February 13, 2013
The situation with the AUD/USD is a little bit similar to that with the EUR/USD. This currency pair opened above the there Exponential Moving Average periods (14), (34), and (100), but the Exponential Moving Average period (100) is still between Exponential Moving Average periods (14) and (34); and all this indicates that this currency pair is making a reversal from downtrend to uptrend, but the reversal is not mature yet.
Buy stop (pending order) at 1.0351.
Take profit 1 at 1.0368.
Take profit 2 at 1.0397 (optional).
Stop loss at 1.0322.
Sell stop (pending order) at 1.0296.
Take proift 1 at 1.0287.
Take profit 2 at 1.0273 (optional).
Stop loss at 1.0310.
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
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