Nima Azadi's  Instablog

Nima Azadi
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Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • AUD/USD Technical Outlook - 2 0 comments
    Sep 12, 2013 10:25 AM | about stocks: FXA

    In our previous analysis, we identified the 11th to 12th of September as the likely time that a selling pressure might be put on the Aussie.

    Even though the bulls were able to break the price resistance temporarily, but the time resistance worked well and it seems that the bullish run is over for now.

    The first target for shorts is 0.9176 and the second one is 0.9009.

    (click to enlarge)

    Disclosure: I am short FXA.

    Stocks: FXA
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