Aussie touched long term bottom trend line. 1.13 to 1.27 fib past last hold at .8664 and 1.61 fib off of short term trend. On the 4hr Aussie remains as a sell on the ST till it can cross .8583(first target). Second target weekly pivot which lines up with .61 retrace at .8674. Third target - long term retrace from July 2 fall .27 fib at .8755. Looking for long term trend line to remain intact - presently at .8509
Comments
kate25
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On the hr chart - price is definitely sitting above the ST trend - at a cross roads - needs to get past the daily pivot and the 50 mid band