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$AUDUSD 22 March 2012

by Gav

[tab: Asian Morning]

$AUDUSD tested the back of the pivot downtrend line twice yesterday. I am still looking at near 1.04 as next potential target.

$AUDUSD 22 March 2012

[tab: London Morning]

$AUDUSD touched resistance level at the same time , the disappointing China PMI figure triggered heavy sell off of the pair. In the hindsight, the chart movement was just classical, text book.  Also, if you look at Daily, 1.0350ish zone will provide some sorts of support (however, this is not a BUY to me)

Here is the … CHART!

$AUDUSD H1 22 March 2012 London morning update

Filed Under: Daily Comment, Trading Journal Tagged With: AUDUSD, Daily Comment, FX, Trading Journal

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