Monday 27 April 2015

AUDUSD Analysis

AUDUSD 4HR

The AUDUSD is set to complete a Gartley butterfly pattern. Expecting prices to rally to around 0.7907 - 0.7928, the 0.7907 level represents the 1.41 extension of the XA leg and 0.7928 represents the 2.24 extension of the BC leg. 0.7907-0.7928 is a strong potential reversal area and key areas to watch for price action and high volume.