Comment by Peter jcp on October 9, 2012 at 9:11am

Hi Nidal - I had not noticed your post until this morning but can see from when you posted it the AU did go up yesterday from the 1.0150 support zone. It did not manage to break above 1.0270 which I thinks it needs to do to carry on more - but is still trying to stay above 0200.

I hope you managed to make some pips out of it  and are you still holding on hoping to see the 0300+ range ?  I appreciate if you are using the daily you might be using large stops - so out of interest what targets are you after?.

So far the support areas have held - and might carry on with we stay above 1.0185 and try 0240 and 0270 again. If that fails  - then another try under 0150 might work  but we then still have 0120 area support before any attempt at parity

Have a great week 

Regards 

Peter

Comment by nidhi mistry on October 10, 2012 at 11:53am

Hi Peter   i am agree with ur view    i am holding it from 0.98 (23rd May,2012)  My Main target is 1.14    Frankly Speaking  I don't use stop loss. i have planning to hedge below 1.0152, 1.010 and resistance @1.0270 and 1.0330

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