FX:AUDUSD   Australian Dollar/U.S. Dollar
PRICE IS ON A LONG TERM DOWN TREND ON THE WEEKLY AND SHORT TERM UP TREND AS SHOWN ON THE 4HR TIMEFRAME.

PRICE IS CURRENTLY ON THE 3RD TOUCH OF THE TRENDLINE THIS IS AN OVERSOLD AREA ON THE RSI/ WHICH SHOULD BE THE PUSH UPSIDE TO TARGETS AND WE ARE SEEING H.H's + H.L's.
IF PRICE BREAKS + CLOSE ABOVE MY C.T.L + 1HOUR BARRIER HIGHLIGHTED, MY UPSIDE TARGETS ARE IN CONFLUENCE WITH THE WEEKLY FIB 0.38.
TARGET 1=0.82
TARGET 2= 0.836

IF PRICE BREAKS THE TREND LINE TO THE DOWNSIDE MY SHORT TARGET IS 0.73

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