Quote from FXWave:
"With commodities getting hit; the Auzzie is vulnerable even to the weak Euro. Our position size is half our average size on this trade as this is a trend reversal trade on a grand scale so we intend to add to position if conditions warrant. The pair is severely oversold and the technicals are showing multiple simultaneous extensions and thus is indicating that a rebound is in order. The Fibonacci's are also harmonizing on multiple timeframes so we look to take an early stab at a potentially massive rebound. We are still cautious and are not willing to risk too much as further testing of the low is always a possibility."
entry: 1.4282
stop: 1.4250
target: 1.4648
