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25 Feb 2014
Flash: AUD/USD could breakout to 0.9150 - FXStreet
FXStreet (Guatemala) - Ivan Delgado, the Head of Asian Editors at FXStreet noted the current position of AUD/USD and suggests a breakout to 0.9150 could be on the cards in his article, "Ichimoku: AUD/USD shifts focus to 0.9080".
Key Quotes:
“Trading the range is the way to go”.
“Now focus is on 0.9080, where we may see either a topside failure to extend the range or a breakout that can potentially lead to 0.9150, next upside target”.
“Any intraday setback, try to understand what is driving it, and if only technical, it could be a good chance to join the ongoing bullish momentum wave to carry prices higher”.
Key Quotes:
“Trading the range is the way to go”.
“Now focus is on 0.9080, where we may see either a topside failure to extend the range or a breakout that can potentially lead to 0.9150, next upside target”.
“Any intraday setback, try to understand what is driving it, and if only technical, it could be a good chance to join the ongoing bullish momentum wave to carry prices higher”.