Monday, April 2, 2012

Forex - RBS Trading Recommendations on AUD/USD

Forex - RBS Trading Recommendations on AUD/USD

Specialists at RBS recommend buying the Aussie against the dollar, potentially targeting at 1.0751 and stopping at 1.0290. The support lies at 1.0337/54 and at 1.0238 levels, whereas the resistance is placed at 1.0496 (previous support, now resistance), 1.0612 (76.4% retracement of the previous range), 1.0691 and 1.0856 (2012 maximum). Read more