AUD/USD headed towards 200% fib extension circa 0.90

FXStreet (Bali) - AUD/USD is fast approaching the 200% fib extension*, which should see some profit taking, as the area converges with 0.90 psychological barrier. Under the level, two trendlines were found.

* = Calculated by extending the fib indicator from recent high 0.9135 down to the intersection of the latest broken trendline.