khansalarehsan

Watch for a good shorting opportunity. Long term is Bullish

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is at a pivotal point today because of the following reasons:
1) It is at %23.6 major Fibonacci level.
2) 2 Major pitchfork parallels acting as strong resistance for the last 3 years.
3) Using cyclic lines pattern the previous key lines were two key pivotal points
4) It is overbought

A close above 0.76559 is required to confirm the bullish move.
The overall longterm bias is bullish .

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