forextrader1088
Short

AUD/USD - Future target, Bearish - 0.77000

FX:AUDUSD   Australian Dollar/U.S. Dollar
46 0 0
Overall trend has been bearish since 2012, Waiting for counter trend line to be broken to continue with the downtrend on the hourly chart. I believe we are looking at a target of around 0.77000, 400 odd pip move bearish . Fib extension 2.618 is within the targeted area also for extra confluence, then if you go onto a larger time frame you will see this target has been used as a resistance/support in the past.
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