Wednesday, December 7, 2011
AUD/USD: Selling against the 61.8% Fibonacci level
The rationale here is pretty clear. There is a pretty strong Resistance cluster at the 61.8% Fib at 1.0340 and the 200-Day MA at 1.0412.
Tentative selling here with a scope of the 23.4% Fib around 0.99.
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)