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AUD/USD Upside Bias


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Old 02-09-2010, 05:28
Junior Member
 
Join Date: Aug 2010
Posts: 7
Default AUD/USD Upside Bias

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.
AUD01092010D.jpg


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