AUDUSD (3/22/15) Daily outlook

FX:AUDUSD   Australian Dollar / U.S. Dollar
Things to note on AUDUSD:

1. Critical 61.8% retracement level has been broken. Indicating sellers are in control.
2.The best entry short would to wait for a monthly halfway back, entering at a level around .85347
3. Intraday trading we are only taking shorts until daily fib swings show bulls are in control.

Target #1 short is .71167.

Daily Stochastic: Overbought
Monthly Stochastic: Over Sold

This pair is a little unbalanced currently, but many opportunities to make smaller time frame trades.
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