Open trading account 
August 2, 2013 AUDUSD reach 0.88467, the lowest since 2 years ago.
After failed small rally, 4 weeks later the price re-test near that low again at 0.88914. Soon after the re-test, price rally almost 800 pips up to 0.97 supply and resistant area, and around 200 EMA. The 0.964 hold strong, and price failed to break that level, turn around, and continue the down trend.
Today is Friday, December 13, 2012, AUDUSD approaching the yearly lowest area again (0.88467 - 0.8914). This level is very strong and price expected to respect it. We could see this week end with price touch / test this level.
I will place buy limit at 0.88915 with Stop Loss below yearly low at 0.8835 and Target at 0.9195.
After failed small rally, 4 weeks later the price re-test near that low again at 0.88914. Soon after the re-test, price rally almost 800 pips up to 0.97 supply and resistant area, and around 200 EMA. The 0.964 hold strong, and price failed to break that level, turn around, and continue the down trend.
Today is Friday, December 13, 2012, AUDUSD approaching the yearly lowest area again (0.88467 - 0.8914). This level is very strong and price expected to respect it. We could see this week end with price touch / test this level.
I will place buy limit at 0.88915 with Stop Loss below yearly low at 0.8835 and Target at 0.9195.
