Joe_Keegan

BEARISH ABCD PATTERN AUD/USD

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
possible bearish abcd pattern forming on the 4 hour. due to non farm payroll the Aussie has seen a resurgence that broke the near term trend line. we have now come up to form a possible abcd pattern and are currently trading in the possible reversal zone between 0.73403 and 0.73912. however i would expect the market to push a little higher and touch the 1.618 extension at the top of the zone before reversing back down into the target zone between 0.72740 and 0.72519. i do expect this market to push even lower and make new lows as i mentioned my previous AUD/USD post
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