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2014.10.2109:44:00UTC+00Morgan Stanley Enters Short Aud/usd

Morgan Stanley has entered short AUD/USD (short-term) via filling a limit order at 0.88 with stop 0.89, target 0.82

Positioning Bias:

Short term trend: Bearish

Ichimoku analysis (4 Hour chart):

Tenkan-Sen level: 0.8788

Kijun-Sen level: 0.8772

Ichimoku cloud top: 0.8758

Ichimoku cloud bottom: 0.8769

AUD/USD is facing short term resistance around 0.8830. On the upper side break of will target 0.8889/0.8902 (200 day 4HMA).

Trend reversal can happen only above 0.8900.

It is good to sell on rallies for the target of 0.820.

 Recommendation: Sell AUDUSD around  0.88, SL 0.8900, Target 0.82.

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