Normal
Well I'll be mistaken AUD still had more in tank to decline some more falling to 0.68725 yesterday after a strenuous day of slow momentum. I encourage it, but a little surprised, thinking the AUD is exhausted after 3 weeks of continues downturn from usual highs of 0.70 range. I don't know whats in store for the AU economic calendar, but nothing can save the AUD now. Looking at the 4h chart the AUD appears locked in for even more downturn. One would expect a bounce from here into the week, meeting FIB support, but who knows. To be honest looking at the daily chart, I would only imagine further downturn, looking for 0.666 range. Symbolic number, definitely looking for 0.675 range. [ATTACH=full]145708[/ATTACH][ATTACH=full]145709[/ATTACH]
Well I'll be mistaken AUD still had more in tank to decline some more falling to 0.68725 yesterday after a strenuous day of slow momentum. I encourage it, but a little surprised, thinking the AUD is exhausted after 3 weeks of continues downturn from usual highs of 0.70 range. I don't know whats in store for the AU economic calendar, but nothing can save the AUD now. Looking at the 4h chart the AUD appears locked in for even more downturn. One would expect a bounce from here into the week, meeting FIB support, but who knows. To be honest looking at the daily chart, I would only imagine further downturn, looking for 0.666 range. Symbolic number, definitely looking for 0.675 range.
[ATTACH=full]145708[/ATTACH]
[ATTACH=full]145709[/ATTACH]
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