FX:AUDUSD   Australian Dollar/U.S. Dollar
20 0 1
Price posted a higher low, higher high pattern and is now in a decline. The previous HH couldn't close above the zone of resistance, which may indicate weakness in the up move.

The Weekly MA's are to the downside whilst the Daily MA's are to the up.

For me i am neutral on this pair at the moment. The Daily Bearish engulfing pattern which swallowed two candles is still in play, so I expect PA to reach the lower TL. However the fib 61.8 may hold price causing it to rally.

AU             is currently in a sym             pattern, I'd expect a break to the downside more likely, but nothing is clear at the moment.

My overall target is 0.645.

Happy Trading!
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out