magik

AUDUSD: ZOOM OUT AND OBSERVE THIS MAJOR TECHNICAL CONFLUENCE

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
The trend line connecting the lows of 2001 & 2008 intersects both the the 10 year .382 fib (2001 lows-2011 highs) and .236 fib connecting the 2008 lows with the 2011 highs in late summer / fall of this year somewhere around the .72 level. It is also worth noting that these two huge fibs are a mere 20 pips apart.
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