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AUDUSD: Bullish Correction to Resume After Pullback?

AUDUSD: Bullish Correction to Resume After Pullback?

2010-07-02 11:01:00
Ilya Spivak, Sr. Currency Strategist
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AUDUSD has produced a Hammer candlestick above support at 0.8368, the 61.8% Fibonacci retracement of the 5/25-6/21 upswing, hinting that a recovery may be ahead. My overall bias remains bearish and I will look for a move higher to produce an attractive selling opportunity.

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