Looks as if our prayers have been answered and Aussie is headed down again.
Coincidence or not, initial divergence target was reached and also coincidence or not, Fib 38.2 was "holding" price around the 0.8504 area.
This level has been broken. Still early to say if we wil have a 100% correction. We are getting a bit oversold I might say.
Also, closing in on a "hold" area(trendline) that should hold price for a while.
Wow, what a beginning of week this has been so far.
Cheers,
JP.
Coincidence or not, initial divergence target was reached and also coincidence or not, Fib 38.2 was "holding" price around the 0.8504 area.
This level has been broken. Still early to say if we wil have a 100% correction. We are getting a bit oversold I might say.
Also, closing in on a "hold" area(trendline) that should hold price for a while.
Wow, what a beginning of week this has been so far.
Cheers,
JP.