AUDUSD heading for retest of 0.92 and then lower

FX:AUDUSD   Australian Dollar / U.S. Dollar
The Aussie could head for a retest of 0.92 and 0.90 levels in the short to medium term, at present it seems to be bouncing off a downward trend line and creating a descending triangle formation. I expectthat it could break the trendline to the upside toward the end of the triangle and then begin a fall back to 0.90 levels. However I'm also keeping an eye on the US recovery, China and Aussie data which might contribute to a retest of higher levels.

Disclaimer: This is my first TV chart and is pure speculation so I wouldn't go risking real money on it.


LMAO....looks like a scorched earth nuke....jesus man, relax
awb Stockman
Hey, I like to theme all my charts on 90's video games ;)
+1 Reply
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