Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fan Lines,Support & Resistance,EMA:3,5,13,21,50,100,200.
Current Level : 0.8979
AUD/USD is in a very interesting set up right now. If we watch closely on the 4 Hours chart we can see that the pair made a major resitance at (0.9095) and afterwards descended in a bearish trend forming an important support zone at the (0.8660) price level from where the price action started another rally.
As we can see we had in the first half of…
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