AUDUSD Potential Reversal from 0.6911.
Updated
AUDUSD has seen a surge in the latest weeks upon weakness on the Dollar. However, the Dollar Index has reached a level of strong support while AUDUSD reaching a level of a strong resistance as well. Given that there is AUD strong news tomorrow @ 03:30 am London Time, we could see the interest rate to be the catalyst to push AUD down and start the continuation of the down towards targets levels, 0.6850, 0.6780, and potentially break 0.6720 level.
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Note
TP 1 @ 0.6850 HitNote
TP 2 @ 0.6780 Hit. & Trade was Closed
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