AUD/USD time to pause and correct
AUD/USD
Momentum is bearish. AUD had a very good rally
from 24/1/2014. Time to pause and correct.
With a bearish engulfing, Below the 10 and 20 sma.
Breaking the uptrend line from 3/4/14.
Support :
0.93320
1st Target 0.930
Channel, 100 sma, double top 1/4 - 4/4
Stop at 94
Momentum is bearish. AUD had a very good rally
from 24/1/2014. Time to pause and correct.
With a bearish engulfing, Below the 10 and 20 sma.
Breaking the uptrend line from 3/4/14.
Support :
0.93320
1st Target 0.930
Channel, 100 sma, double top 1/4 - 4/4
Stop at 94
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