Aud/Usd tends to gravitate to the 707 and 1414 retrace and extensions. If we do see that then there is good ratio confluence there in the daily chart at 0480ish zone. However if today is the day for a decent retrace then 0350-0360 zone very do-able and 0277 possible as well. If that were to happen it would be quite funny to me as the MM's will have wiped away the last 2 days and taken out the breakout traders from the 0250-0280 area who are most likely at BE with stops. If the structure in that area holds then we could see a move to the 0580 to 0620 with the possibility of seeing the 0700-0780 ish zone. Ultimately i view AU as fundamentally way overvalued however technically its bullish at the moment and quite frankly the chart is the only thing that matters lol. However nothing goes straight up or down so what the hell im short and will add at the 0480ish zone looking for those previously mentioned targets. If AU can sustain below the 0230-0250 area then we may see further downward acceleration. Until then enjoy the fun and games lol
Don't follow me! You can and most likely will LOSE all your money!!!!
hahahaha
