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  4. AUD/USD Signal- December 18, 2012
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AUD/USD Signal- December 18, 2012

By Alp Kocak
Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

Currency: AUD/USD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: The AUD/USD pair is struggling to break through 1.0555 resistance and there are signs of exhaustion. I expect to see more selling pressure as prices are back below the Ichimoku cloud on the 1-hour time frame.
Recommendation: Short
Target Area: 1.0465 & 1.0420
Stop-Loss: 1.0575

AUDUSD Signal 121812

Alp Kocak
About Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.
 

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