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AUDUSD – Just bearish

The AUDUSD traded in a bearish market condition the whole European session, but right now its just at a short term resistance level, if the AUDUSD breaks this resistance level it will be on no ones land:

AUDUSD

AUDUSD

The AUDUSD needs to trade below 0.8858 in order to be considered in a bearish market condition and therefore look for short opportunities, if it breaks this level for the upside, I will not trade it.

Trade Safe!

Raul Lopez
http://www.straightforex.com/

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This entry was posted on Tuesday, August 24th, 2010 at 2:49 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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