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

USDJPY-112/- USDJPY has formed a excellent H&S pattern over a period of 6 years which is very good and this is indicating bullishness of USD against JPY and the target for the same comes to around 135-140 levels. So the pattern is clearly indicating that JPY would depreciate in coming weeks or months.

May all be peacefull and Happy.

M.Mahiidar

Enjoying Life

Trend is Friend.