FX:AUDUSD   Australian Dollar/U.S. Dollar
29 2 0
A possible cypher to keep an eye on.
motleifaul
2 years ago
The Aussie seems to look toppish here. In this case the Cypher wouldn't complete. Where do you see the downward target in this case, if this agrees with your view?
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fxgraffiti motleifaul
2 years ago
I was just thinking that this momentum will probably reassert itself after correcting for a bit under 0.8. If the correction is more horizontal, the higher the probability of continuing. I see a potential target for the pattern around 0.78. These are interesting times for the USD. I suspect that the AUD and USD will both be weaker in the medium term and could get stuck in a wide range.
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