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[B]BIAS[/B]: This should drift lower into the 1.5663-91 area for a recovery into the range

[B]MAIN ANALYSIS[/B]: The 1.5809-19 area did support for a while but could not manage to muscle up enough power to make it back towards the 1.5928 high. Instead, the break below 1.5808 implies that the larger correction should continue for a few days more. Today that should mean that while there is still risk of initial erratic behavior the 1.5663-91 area should support for a return higher into range.

[B]COUNTER ANALYSIS[/B]: Only an earlier break below 1.5650 would concern and suggest a test of the 1.5625 retracement support. Also note 1.5672-96 - below would be very bearish.
Only back above the 1.5928 high would ...

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AUDUSD is facing the key support of 1.0628, a breakdown below this level will indicate that the uptrend from 0.9861 (Dec 15, 2011 low) has completed at 1.0844 already, then the following downward movement could bring price to 1.0400 area. On the upside, as long as 1.0628 level holds, the price action in the range between 1.0628 and 1.0844 could possibly be consolidation of the uptrend, and one more rise to 1.0900 is still possible after consolidation.



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Forex Trades 02/21 - US session - by [URL="www.forexticket.us"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.us/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.us/en/forex/usdchf"]USD/CHF - US Dollar / Swiss Franc[/url][/b]
[b]Entry[/b]: 0.9135
[b]Stop[/b]: 0.9155
[b]Resistances[/b]: 0.924 - 0.9195 - 0.914
[b]Supports[/b]: 0.907 - 0.9085 - 0.9115

[b][img]http://www.forexticket.us/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.us/en/forex/audusd"]AUD/USD - Australian dollar / US Dollar[/url][/b]
[b]Entry[/b]: 1.0675
[b]Stop[/b]: 1.071
[b]Resistances[/b]: 1.08 - 1.0745 ...