Aussie met all of our downside targets now after breaking last week’s bear flag (we took profits on the initial bear flag target at .9134). The head & shoulders projection, 61.8% retracement & 1.618 extension target all aligned at ~.8990 to contain the latest drop. So far a bullish hammer candle is forming that could lead to multi-day gains. (daily) S/t, there is small gap resistance at .9036; once above we can shift focus to a confluence of Fibonacci resistance between .9100/.9146. The nature of the expected rally can offer clues as to whether this is just a correction or the beginning of a more meaningful return to the key .92 level. (60min) Conviction: Med Levels: Support – .8989, .8891, .8660 Resistance – .9036, .9113, .9218
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