On the weekly we're sitting on a trendline from over 2.5 years and the 200 ema, which the last two times we tagged it the price went up afterwards. Also, we have a major support area around the 1.87 area. On the daily a daily pin bar closed, with a MACD crossover and also we broken a minor counter trendline, which triggered my long.
The AUD is at a major resistance area against the US Dollar currently pointing to a selling off at least in the medium term. Overall, I still expect the AUD to appreciate against the dollar.
Targets are 1.96 and then 2.00.
The AUD is at a major resistance area against the US Dollar currently pointing to a selling off at least in the medium term. Overall, I still expect the AUD to appreciate against the dollar.
Targets are 1.96 and then 2.00.
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adriel.arrasmith
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