AUD/USD possible long opportunity

Jan 21, 2016

AUD has made a temp break out of previous downward trend, but it didnot hold up. So i guess it need to test the 0.5 or 0.618 FIB level. If it rebounces as expected, we should see a higher movement(at least a test on 6955 level). if not, this may also mean AUD is in a rectangle and we should try LONG around 0.6830 level.
Let's see.