KVE

AUD/USD: Possible area's to go short?

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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4
The 38.2% fib. retracement of the last big move down has proved to provide good resistance so we might very well be headed down from here-on.

If we head up however there are 2 area's that I am willing to take a chance to short from, the second might be the setup with higher probability since it occurs at the next big fib. level i.e. 50% retracement of the last big move down.

Tight SL in case it fails, next short opportunity at the 61.8 fib.

Looking at shorter timeframes next for short-term setups and hints as to where this pair is headed, up or down...

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