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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 04, 2010, 05:15:47 pm

Title: AUD/USD Reward and Risk Assessment for Bullish Swing
Post by: pranjali on March 04, 2010, 05:15:47 pm

AUD/USD Reward and Risk Assessment for Bullish Swing
         

The Daily time frame shows a confluence of 2 swing projections and the 78.6% retracement level near the 92.0 area, and this has been established in recent posts as the target for the current intermediate term rally. We are now in a second swing that started at 0.88.
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/aud%10usd-reward-and-risk-assessment-for-bullish-swing-20100304108111/