The AUD/USD has
opened at 0.91133 on today and from the moment, the trend is seriously moving
down. The trend could be easily noticed by the weekly pattern, as it shown the
alternative trends.
So, this week has stuck with the short and will give gain
to the USD. This gives the belief that the pair will reach its two year low
again and this could be the determinant support. Already, the trend of today is
marked by the short of 70 pips.
The notification of the trend will be extending
the short and achieve the possible support of 0.89288. Moreover, the price has
crossed its initial support and this strong sell will lead the path to achieve
the support of 0.89288.
The trend is considered as overbought on yesterday by
the daily pattern. So, the mentioned trend of short is to be continuous until
the pair reaches the oversold.
By the technical consideration, the oversold
will happen at the point of 0.88495. If the trend satisfies with the
prediction, it is very sure of grabbing more than 150 pips.
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