I think its a good call going long. Last weeks fibs (high/low points) for this week were hit yesterday...the high point. Now we see a retracement back to the diagonal trend line (support) I drew from my Weekly chart. This is also my 80% fib level and holding. This is support before going long again.
Unless support is broken due to news (crude inventories, unemployment, GDP) I agree with AFRXC............BUY, BUY, BUY
My apologies .. I didn't mean your existing trend lines are wrong .. I meant the market is creating new ones .. I think you will see there is a topping on the AUD Charts on daily .. if we count ABCDE we have one more rally to the high 72.xxxx then it will start the big decline from E -