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Chart Updates: Aud/Usd Seeking Support

Published 12/31/2000, 07:00 PM
Updated 10/11/2009, 05:21 PM
AUD/USD
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TheLFB Newswww.TheLFB-Forex.com The Forex Trader Portal

Chart Updates:

AUD/USD Seeking Support

4 Hour chart trend: Long. Main price points: 0.9100. Looking for: Wave V) top
 
The Aussie has traded very close to the Fibonacci target shown around the 0.9100 zone, discussed last week. The recent top was made at 0.9090, where wave V) of a larger wave V may already be completed. If this is the case then the market should be going lower over the coming sessions, to approach to the major 76.4% Fibonacci level from the weekly chart view, possibly to find support around 0.8900.  

The charting links are taken from one of TheLFB’s Member service offerings, which includes access each day to thirty sets of global traded market charts.

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