Friday, September 14, 2012

EURAUD & GBPAUD Price Action

Normally EURAUD & GBPAUD usually comes down with risk-on scenario. But currently these pairs are moving in opposite direction. 

EURAUD is trying to establish itself above 50fibo. The next resistance comes 61.8fibo. 





GBPAUD encountered a good resistance at 61.8fibo and

in turning down has crossed 50fibo level as well. Now the price seems to be bouncing from 38fibo support.This level was previously resistance. 



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