AudUsd short if we can break the counter trend line to the down side and 0.72000 we could see 0.7000s hit again and possibly 0.6600 if we can get a continuation also hovering just below the 38% on the fib which is also a daily key level also lines up with a descending trend line on the weekly weekly/monthly MA to the downside Target 1 0.7000 Target 2 0.6600
GBP is struggling to keeps is upwards momentum . a few weeks ago we was rejected at around 1.5650 and have struggled to hit that area or resistance again. First confluence. ABCD Fibbonacci being played out currently just below point C Second is i have ascending trend line stemming back from the lows off 2009 and we have just came back up and touched it we also...
AUD/USD im 50/50 on this pair im waiting for more conformation to take a trade i think if we can get a break of f 0.7400 we have a reversal on our hands and can possibly see 0.79000 my MAs are still moving to the upside so i will have to wait to see if its momentum can pick and continue to the upside. On the other hand this could get rejected by the trend line...
1.moving average cross to the downside 2. daily support of 1.1500 broken 3.Trend line broken to the downside time to sit back and watch the fib play out down side target 1.5000
ma cross widely apart no sign from them that they are going to cross over, 38% retracement on the Fibonacci also lining up with a trend line i have plotted. higger lows to also confirm the trend