The
Australian Dollar versus the US Dollar has had a good retracement since it
touched the 76.4% around the 0.7841 level. The 76.4% Fibonacci retracement
usually acts as a good support or resistance level and the bounces that the
price makes from that zone usually takes it to the 38.2% Fibo or even the 23.6%
Fibo. That is why we should be attentive to a visit to the 38.2%, because that
zone could become a good support for the pair, around the 0.7686 level.
Great assessment. I'll keep a close eye on it.
ReplyDeleteCongratulations for your accurate predictions.
ReplyDeleteGood analysis.
ReplyDeleteI agree with your analysis.
ReplyDeleteExcellent analysis, thank you.
ReplyDeleteThank you for the analysis.
ReplyDeleteVery good post. Thank you very much!
ReplyDelete