Same goes for Aud/Jpy which is has gone past the daily trend line and is bullish at the moment.A break above the 50% fib which has held as support over the days will signal a more bullish momentum to the 61.8% fib.
Monday, October 24, 2011
Monday morning
Aud/Usd has passed a daily trend line,made a minor pull back and is now bullish at the moment.However the 61.8 fib which is right above the 1.0400 round number will be a major barrier for this pair.A break above this level will signal bullish momentum to the 1.0500 round number and then to the 78.6% fib level.
Same goes for Aud/Jpy which is has gone past the daily trend line and is bullish at the moment.A break above the 50% fib which has held as support over the days will signal a more bullish momentum to the 61.8% fib.
The Eur/Nzd seems to be breaking lower from the descending triangle formation and might be headed for the 7100 level.There is however the 50 day moving average to contend with before it can further continue lower if this is a true break of the congestion pattern on the daily chart.
Good luck trading to all,make sure you do your own analysis.
Same goes for Aud/Jpy which is has gone past the daily trend line and is bullish at the moment.A break above the 50% fib which has held as support over the days will signal a more bullish momentum to the 61.8% fib.
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