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proacttraders's Commentaries

Aug 24 2010

$AUDUSD

by proacttraders
Overall Rating: Average rating is: 0 stars.

We are treating all rallies as opportunities to add to our short position. Strong support can be found at the 0.8784 area where we have the confluence of the Fibos from the 240 chart and the fib extension from the 30 min. A break of 0.8784 could go to the S4 at 0.8759 but would also have to break the trend line first.

AUDUSD-da.jpg



Tags: audusd | currency-market-updates | currencies
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