whats really going on with AUDUSD and whats next

The downtrend that started July 2011 (just as Gold and USDCHF) has just reached a target zone.
Price immediately ran into some buyers but the selling pressure is still on. Just because price reach one target doesn't mean the whole trend is over.

Its tempting and I will place some long trades very soon (pin pointing the trade on the Daily) targeting the median value.


// RolandV.
Goprotraders.com