AFTER A HIGHER PUSH TO RESISTANCE AT AROUND .6680 IN THE AM HOURS (CENTRAL TIME), AUDUSD RETRACED BACK TO THE .618 AREA OF THE 4HR CHART FROM AN OVER EXTENDED RSI. MY VIEW IS START LOOKING FOR LONGS AS ASIA MARKETS OPEN; LOOK FOR PRICE ACTION AND KEEP AN EYE OUT ON FUNDAMENTALS. AIM FOR BREAK OUT OF .6680, GOOD LUCK TO ALL!
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@akiphk, yes it is,and it is why i say aim for the break out...have your eye set for a break out above that level. Of course you might have hit resistance at .668 but it doesnt mean it is unbreakable. Just have an eye out for that break out. Thank you for commenting your opinion, I appreciate it.