au-1024x413

  • AUD/USD (H4): Reached a resistance zone   
  • Forecast: Ending the correction and moving lower from previous lows (now resistance) at 0.7070
  • Alternative Scenario: Trying to breach the level and broaden the corrective moves    
  • Comments: If price rebounds, the next target will be located near 0.6900 
  • Payout: PUT @ 0.7070 à 79% return expiring at 23:30GMT          

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.