Next target 1.0226 with support around 1.0115

Testing 1.094 resistance - A clean break confirms a double bottom, however any retracements towards the Monthly Pivot (1.088) and/or the broken trendline could be considered for bullish set-ups.

Let's see if a basing pattern can form around parity... url

Extracted Comment — 0.85 and 0.80 are my LT targets, and have been for some time, and will be sticking with them. But for now, above 0.932 targets 0.945, 50 etc. url

Considering the poor Chinese data that just came out - A$ didn't fall too hard! Hopefully it will drift to a better buy price

NP I'll not claim to be an expert on that side of things, but I figure if the 'brown stuff' hits the fan, it may take time to filter though to A$ (if not already priced in) so I am paying closer attention to Greenback strength, China data etc. ...

Yes the crowd seem decided over if / how it will effect A$. Even if it does, my technical levels remain regardless. If Armageddon happens then I can refer to the break of the bullish channel etc.

The market didn't look too alarmed at the housing data, although a break below 0.934 confirms a double top (and hopefully we'll get a retracement to 0.932). A break below 0.930 will get my interest, with 0.920 swing low break putting us back in line ...

Just to reiterate - I am not stating we are within a downtrend. Simply the potential for a long-term reversal pattern (yet to be confirmed) which leaves room for new highs along the way, but near-term sentiment us bearish due to engulfing candle ...

I wish it always went this swimmingly

Hopefully we'll retrace towards 0.9320 for the next leg up. Targets around 0.945, 50 and 55 - I expect a lot of resistance around these levels, and overall bearish on the higher timeframes so we'll see if/when we get there