Wednesday, 6 March 2013

AUD/USD 6 MARCH 2013



Price continued up yesterday and violated the 1.0290 high, although not on a closing basis as yet. We will have to wait for a B high to form, then a pullback to the 618 for a long entry.

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Will be going long if:
No immediate long trade setups since we have no criteria in place. Stand aside. We are waiting for a B high to form, then a retracement down to the 618/786 for a long entry.

Will be going short if:
No short setups, we have a reversal in progress. Stand aside.

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