Will be keeping a close eye on AUD USD over the coming week.
We have been in an bullish uptrend similar to NZD USD for some months now and corrections seem to be imminent.
Massive potential 700+ pips long term swing
Dollar closed strong on Friday and we are coming back for another touch of the respected trendline that was created at the start of November.
In order for the short position to become valid I will be waiting for a break and re-test but should we get a rejection with the highs of 78100 being broken this will open up way of highs of 81200 being reached.
We have been in an bullish uptrend similar to NZD USD for some months now and corrections seem to be imminent.
Massive potential 700+ pips long term swing
Dollar closed strong on Friday and we are coming back for another touch of the respected trendline that was created at the start of November.
In order for the short position to become valid I will be waiting for a break and re-test but should we get a rejection with the highs of 78100 being broken this will open up way of highs of 81200 being reached.