KaKeungChoi

AUD/USD - 12 Sept. 2016 S/R Zones Forecast

FX:AUDUSD   Australian Dollar / U.S. Dollar
270 1 6
Price has retreated strongly after touched the resist zone as shared in my previous chart.
its now at the most crucial level, either it support the price and push price back up for a nice correction towards the upper side or if price break the support levels with a day close candle than a major retreats to further low towards the support zones is expected.

So watch out how price react to the S/R levels and zones are the clues to find out how market traders expecting price to go.
Comment: Target 1 reached
Price is still struggling at the major turning point level, but now price is having a second attempt to break this level. wait for it to drop through and rebound back to confirm with that level has become a true resist zone. once confirm - Sell the trade towards the support zone.
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