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
Trade active
Trade closed: target reached
Reached just above .69 as expected.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.