Currently observing price action for this pair. I noticed that a descending channel has been in effect since late January 2018. It appears that a tweezer top is trying to complete at the close of the weekly time frame. On the D1 timeframe I can already see what looks like a shooting star chart pattern. I am anticipating price to climb at this very interesting price point for this pair. Strong support has been evident as far back as late September 1993 which will be sort of an anniversary for the support level holding its position for 25 years. Could support at this zone finally be ready to break for a quick getaway or will loyalty hold true for the rising Aussie dollar once more? Time will tell. I also see on my RSI indicator that price has been oversold for quite some time. Bullish divergence is also being shown. My sentiment is bullish for this pair for the long-term and my target is aimed at 0.75000 my stop is around the 0.71250 level.
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