My analysis is that the price already passed my favorite magic fibonacci level in between 61.8% - 50.0 %, It will continue to go short until 0.71471. Furthermore when you take out the trend line it makes a 2 LH and 2 LL which make the setup even more strong for the aussie dollar to go short for next week. be sure to keep an eyes for this pair!
Make sure to put the stop loss around 0.73600 which make around 20 pips. Trade safely!
Make sure to put the stop loss around 0.73600 which make around 20 pips. Trade safely!
Comment:
today market for Aussie a bit slow as the are celebrating Bank Holiday for their Queen's birthday. cheers lads