AUD/USD has come along way from 0.8770 to 0.9124, it has been retracing during tonights Asia session but I still have a bullish bias with bounce on 0.9016 to then continue its upward bias with first target 0.9220. Break above 0.9220 will target 61.8% projection at 0.9329 next.
On the downside, if it breaks 0.9016 minor support, it will turn intraday bias neutral first. But the downside should be maintained above 0.8860 support.



TonyT







This post has been edited by Tonyt: Sep 1 2010, 09:44 PM