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JohnJEC01

AUDUSD

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
JohnJEC01 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis
2
1
trendanalysis
On the daily time frame we see price has broken the previous daily high.

Keeping an eye on DXY and monitoring if we can break lower or continue upwards to the 0.71000 area.
Comment:
Price has broken the 4H trend line and the support and is looking as if it could sell
HOWEVER
I see DXY is as a resistance and is deciding its direction.

I am going to be patient and see what the USA DOLLAR wants to do.

Aussie dollar has shown strength thus far this week.
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