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maxw3st
Oct 2, 2021 4:43 PM

AU at a decision point 

Australian Dollar / U.S. DollarFOREX.com

Description

AU either continues up over 0.7320 or we'll see 0.71 shortly. Strong move up off the low, but it needs to keep going over previous highs.

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reversal is done. Waiting for the next swing low to go long.

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may be done dropping but if it fails this reversal attempt 0.7250 looms large. Today was a LL & LH on the daily.

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If it's going to happen, the next few days is when there could be a new low put in. Lowe's recent language suggests a sooner rather than later rate hike projection, so that could influence trader sentiment.

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update to the chart. Expecting a low to be put in by EOw.
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