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Thursday, 28 November 2013

AUD/USD H4

General Overview for 28/11/2013
The corrective sructure of ABC ZigZag Green in wave 2 red lokks finished. Moreover, the downside progression has retraced 78%Fibo and slighty reversed so far.
As long as there is no nwe low bias is bullish and first level to confirm is Weekly Pivot breakout.

Support/Resistance:
0.9015 - WS1
0.9077 - 78%Fibo
0.9233 - Weekly Pivot
0.9253 - 0.9282 - GAP ZONE
0.9321 - WR1

Trading Recommendations:
As long as there is no new low: breakout of 0.9140 opens the road to 0.9205 and 0.9233.


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