AUDUSD Technical Call After NAB Business Confidence Index, 29th Jan-2013

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Bullish Bias after NAB Report
Simple Open BUY strategy on AUDUSD
After dip Cut in AUDUSD counter , now the pair seen big support on 1.0380 range. Australian Dollar now in positive mode against all other major currency just after release NAB Business Confidence index. National Bank of Australia release report on  Tuesday morning that Business confidence index rose to +3 from -9 in November.

Trading Strategy :-
BUY AUDUSD @ 1.0425 TARGET 1.0460, 1.0485 SL 1.04

Alternative Scenario:-
SELL Below 1.0400 TARGET 1.0380, 1.0365 SL 1.0425

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