AUD/USD: Pullbacks?
21 Aug, 2008 @ 08:24 am ET | written by FXStreet
FXstreet.com (Barcelona) - The pair found a good support at 0.8588 after falling over 1,000 pips since mid July. CCI in the daily chart just got away from the oversold condition.
Although MACD positive crossover has not been confirmed yet, attempting long might bring us some nice pips. 0.9067 (fibo 38.2%) and 0.925 (fibo 50.0%) would be considered as targets if we see further bullish sentiment.
Copyright 2008 FOREXSTREET S.L, All rights reserved
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