Wednesday, November 2, 2011

AUDNZD Daily

AUDNZD is coming up to a significant point of resistance at 1.31839.  You will see on the horizontal line drawn, there are many areas where the chart has retreated from in the past( noted by the red and blue arrows).  Also, there is a 61.8% retracement in the same area when drawing the Fib  tool from the high of 1.37020 and the low of 1.23175. 

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