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This currency has just broken the resistance of the rectangle in figure 1 and it is going up.In my view this will continue until the black resistance at 0.9660 which will be the level around the first days of November.
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AUD/USD Rentracement
Dear Colleagues,here my forecast for AUD/USD. The currency is over sold see next figure and in particular the oscillator CCI and the bolliger band, the prices are out of the standard deviation of the price average.My outlook is bullish. See in the next figure where the pairs could be.The retracement could continue until the 50% of Fibonacci line (retracement of last downtrend) in the next weeks. But on the Septmenber 2nd the prices should be around the 38.2% line.Many ThanksCheers