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AUD/USD - Further Retracement !

  • Charts: 4 Hours, 1 Day.
  • Elements used: Fibonacci Fan Lines,Fibonacci Retracements,Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.0094
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Metal_Mind avatar

UPDATE 1 : The current price level is 0.9361  which is a 160 pips deviation.As can bee seen on my analysis i expect a sharp decline at month ends. At the moment the  pair is hanging and could drop in a bearish sell wave at any moment. Taking into consideration the curent setup ,i say this prediction could be a winner. A late one...but a winner.

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UPDATE 2: The deviation increased to over 217 pips,as the pair push upwards.

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Turn your iPad into radar

Are you a pattern-hunter but you don't have time to browse through hundreds of charts? Turn your iPad into Pattern Radar with the upcoming Swiss Forex application update.
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Nick_T avatar
Nick_T 23 Kwi

That looks pretty impressive.

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