ITraderAnalysis
Long

Bullish Bias on Aussie Dollar

FX:AUDUSD   Australian Dollar/U.S. Dollar
53 0 1
( AUD/USD             )
Price initially have broken the inner downtrend line & move into Buy Zone after create consecutive Higher Low & Higher High. In term of Fibo Swing Strategy, Price is reject & hold by CTL + 78.6% Fib Lvl             . Current price is sustaining above Daily Resistance(NOW turned into DAILY SUPPORT), which indicates bias still in the buy zone. Any penetration to below the daily support will turn the overall bias.
Comment: Price had fall below the daily support & break below the CTL (dotted-red). In this case, we'll see the overall bias have turned bearish again (resume to dominant bias)

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