AUDUSD-0.83/- whether AUDUSD heading towards 0.70? it appears to be so. It has formed a Heads and Shoulders pattern over a period of exactly Five years( as fibonacci) it has broke the neck line in September 2014 and has been moving down since then. Now comes the question on what are the Probable targets as per the H&S pattern it give a target of around 0.70/- so it seems that USD is going to strengthen against AUD in comming weeks till it stays below 0.90 we can expect it to slowly and steadly move towards 0.70 so we would wait and see what happens.

May All be Happy and Peaceful

M.Mahiidar

Enjoying Life

Trend is Friend