Forex Trader

The Aussie bulls have defend a very important 0.7060/80 support yesterday after the FOMC minutes. After the buyers have take over the pair, they have reached down trend line and MA100 until end of the day and during the Asian sesion, they have manage to get true, all the way to my predicted resistance, 0.7150/70. For now, the buyers are trying to pushed the pair up true the resistance level and H4/MA200 and if they manage to do that, possible furder gain is expected. Next target for the bulls could be daily MA100 and strong daily down trend line at 0.7215/30, the strong resistance level as well. Very interesting fight here. On the way back down, 0.7135/50 is the first support, trend line and MA100 second at 0.705/20, stronger one at 0.7060/80 again.