AUD/USD intraday: downside prevails.

on Thursday, November 17, 2011

Pivot: 1.0165

Most Likely Scenario: Short positions below 1.0165 with targets @ 1.003 & 1 in extension.

Alternative scenario: Above 1.0165 look for further upside with 1.0225 & 1.026 as targets.

Comment: As long as 1.0165 is resistance, likely decline to 1.003.

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