AUDUSD: Eyes on 0.9100 pivot!

FX:AUDUSD   Australian Dollar/U.S. Dollar
651 4 14
Update: We have reached the targeted resistance for my prior analyis:
AUDUSD: Rally on Short Squeeze
.. However, no longs at current levels yet! This bullish scenario is conditional on a clear break above 0.9100 level, the level is technical major, as the main descending resistance of the bearish trend meets the neckline for a weekly inverted head and shoulders pattern. Meantime, a strong Bullish divergence seen on RSI . Could be a good bullish opportunity.

Previous Analysis:
AUDUSD: Rally on Short Squeeze

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Nice one, but I am a little concerned about betting against the USD
Technician TOP JorgeEllena
2 years ago
There is no confirmation yet. I am also bullish on the USD, against the EUR,GBP
Carry falling apart in equities will cause carry to begin in currencies.

EURAUD yields what like 2% a year or something close to that.

USD can skyrocket and so can AUD, if EUR gets destroyed and JPY is bid.
Technician TOP GlobalInvestorsReport
2 years ago
Yes, Totally agree, thank you
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