AUD has been quite bullish lately but the fundamentals and long term trend are against it. From a technical pov it could continue though for a few more weeks but then will need to make a move. Given the size of the triangle its in that could be down to 69 which I think it could fall quickly to and then hit support around there and then continue again further.
I'll be looking to short from the top of the triangle at .73 - .74 & again when it breaks out of the triangle
I'll be looking to short from the top of the triangle at .73 - .74 & again when it breaks out of the triangle
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Reached just above .69 as expected.
