aussie is the strongest currency past 72 hours. just a matter of few hours before it clears the overhead resistance.
7450 coming up next.
7450 coming up next.
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Dislikedonly buying dips here early next week (Mon/Tue). still in strong uptrend. minor setback (pullback). load zone revised to 7610-7630. I don't see this trading below 7600 before in hits 7700+ sometime next week.Ignored
Disliked0.7685 is major resistance and target as it is monthly pivot R1. As per Newton's 1st law of motion, AUD/USD was weak and was downtrend until external forces (-ve core CPI of the US, dovish FOMC, +ve employment data of AUS.) were applied. Despite EUR/USD and GBP/USD retraced down enough against USD but AUD did not, AUD/USD will remain in this bullish condition until external force (either major technical factor like monthly pivot R1 or any economical new) will be applied. Note: Newton's 1st law of motion is 100% relevant not only to physics but also...Ignored
Disliked{quote} yep that's pretty close. technical target is 7720-7740 next week. As noted previously just load up dips - load zone - yeah, you got it pretty much. I'd say 7610-7630 - the bid @ close was 7642-44 - the pullback is not complete yet. I will start loading up shorts once we hit overhead res - 7720-7740 is a great spot to build up shorts. Regarding tax reform - yep, that's correct. US Dollar will reign supreme soon against pretty much all majors and minors. at least...Ignored