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15 Jul 2013
Sell AUD/USD rallies, potential target 0.8850 - 2ndSkies
FXstreet.com (Barcelona) - After the AUD/USD brief drive through 0.90 last Friday, thought to be a low-volume/liquidity starved affair, Chris Capre, Founder at 2ndSkies, sees the market still as a clear sell on rallies ahead of China GDP at 2GMT later today.
According to Capre: "We will look to sell on any corrective rotations back into the dynamic support and daily 20ema - 0.9215 today - , targeting 9045 and a potential break of the big figure at 9000, potentially targeting 8850."
According to Capre: "We will look to sell on any corrective rotations back into the dynamic support and daily 20ema - 0.9215 today - , targeting 9045 and a potential break of the big figure at 9000, potentially targeting 8850."