Technician
Long

AUDUSD: Correctional Bounce Likely

FX:AUDUSD   Australian Dollar/U.S. Dollar
389 3 3

Update: closed at 0.9030, on NFP
Profit/loss=-15

This analysis is based on the overall view i posted earlier at
AUDUSD Resuming Bear Trend

I am looking for a short term correctional bounce within the context of the bear channel , as price completed an hourly double bottom , while RSI momentum continues to show positive divergence
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Skype: Technician - The forex channel
Firs target hit, bullish correctional bias continues
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Long setup continues to be intact. Bullish bounce will probably continue next week

snapshot
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Closed at NFP at 0.9030
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