AUD/USD Bullish Termination May Target 0.92xx March 10, 2011

Study :
– Gann Angel
– Fibonacci Projection
– Elliott Wave Principle

AUD/USD Daily Chart

Comment : The Aussie Dollar already breakout from Diagonal Triangle, type II. Publicly trend reversal are almost beginning. Make sure if nearly occurs can broke below 0.9973 as 2X1 Gann Angel level first. So, we’ll looking toward to 0.92xx level is the basic price projection from Diagonal Triangle, type II and may be false signal if the market can break above 1.01xx before.