FX:AUDUSD Australian Dollar/U.S. Dollar
It looks to me as if the recent surge in the AUD has taken a breather and is starting to reverse slightly. We failed to top our previous high and have a high wave candle which could nearly be called a . Our moving averages have also crossed over on the 4hr chart which will more then likely be the case on the . However i would be careful trading around the non farm payroll. My target would be at the 0.78023 resistance with my second target at 0.771. Trade is void if a close above 0.792 is achieved.