Greetings for another quick Update!
The AUD/USD maintains its Price Appreciation since our RBA Post 6 hours ago… and our Fibonacci Variants came into play nicely.
Here is the Hourly Capture again so give it a Click, and Post-Time is 10:30 GMT.
We still hold dynamic Resistance at the 61.8% / .6450’s Area.
A Double-Top may be on the way here… if we re-test this Level and do not breach it with confidence…so this will compliment a Bearish View.
The RBA still has our “Intervention” Floor pegged at the massive .6000 Level… so we may roll back down to the .6300-.6000 Areas of Support.
Bullish Views will still hold to the earlier Scenario of breaching the Resistance Area and moving north to the psychological Resistance/Round Numbers Area of .6500.
Of course… we shall see and certainly do not “know” or “predict” where Price may lead us…but these two Scenarios do provide us with some higher Probabilities.
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