AU has now completed a 3 week period of moving down, next week should see a move back up into the green highs currently sitting at 8964, this matches with the September pivot point (yellow). From here I would expect to see another 3 weeks of moving to the lows and during these 3 weeks I would expect to see some much bigger moves than during August. I have a target of 81 by the end of the quarter for this pair.
Even if the rest of this week moves lower I will still be looking for the swing back up next week.
I am not holding any au positions and won't trade this pair again until next week.
Even if the rest of this week moves lower I will still be looking for the swing back up next week.
I am not holding any au positions and won't trade this pair again until next week.