AMianz

Analysis of Aussie/USDollar

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
First I am looking for a long position with a starting point from the highlighted zone below, price expected to reach the Outer Trendline(in blue) before going down to the weekly Support/Demand Zone. Note that both the highlighted Zone are in the fibo level 50 and 61.8. Its a very good confluence for me. Good Luck!

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Regards,
Ejaz Mian

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