AUD RANGE AND PROJECTIONS!!

These are the charts i have for AUD. We had turns on the index near the tops and that has played now we would look for a 50% rise and fail (lower swing top) to confirm the move and add into this position.

AUD has failed at this point and looks to be heading down. This now needs to get through the 50% of the rise up fib which has not been included on the chart but it does look good to complete to 75% or 100% of the range.



This target area coincides with the monthly range projections and would certainly present a good take profit area for those who have got the shorts from either the highs on the turn or from the lower swing confirmation.



Lets see if this all plays out but risk to reward now on the added position is minimal with stops moved to the lower swing top highs.

:)