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AUD/USD Classical 03.09

AUD/USD Classical 03.09

2010-03-09 07:40:00
Joel Kruger, Technical Strategist
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AUD/USD: The latest break back above 0.9100 now opens a direct retest of the 78.6% fib retracement off of the 2010 high-lows by 0.9160 over the coming sessions. However, any additional gains beyond 0.9160 are seen limited, and we would recommend looking to sell into this critical fib retrace in favor of some major declines back towards 0.8600.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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