Hi traders,
Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there.
So looking the daily and we see a close above 8300, then I think a low is in place.
Good luck!
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there.
So looking the daily and we see a close above 8300, then I think a low is in place.
Good luck!
Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
