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UPDATE: AUDUSD DAILY CHART AS OF AUGUST 23RD 2013
As expected price reacted to monthly demand zone between 0.89 and 0.8800 and had a bullish run up to fresh supply zone at 0.9225 - 0.9250. Price retested this daily supply zone and had a bearish run up to daily demand zone at 0.8950. I am expecting a bullish run to my target of 0.9320 in last week of August mainly due to recent positive fundamental report from China.
As expected price reacted to monthly demand zone between 0.89 and 0.8800 and had a bullish run up to fresh supply zone at 0.9225 - 0.9250. Price retested this daily supply zone and had a bearish run up to daily demand zone at 0.8950. I am expecting a bullish run to my target of 0.9320 in last week of August mainly due to recent positive fundamental report from China.
