Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
AUD/USD swing based on Market Profile and Price Action
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Absolute gold, mate! Here's to another yacht-and-lobster-filled year with you! ;)
+1 Reply
TheBanker FishMonkey
@FishMonkey, hahaha you bet, we'll have to arrange another few holidays with our eurusd winnings eh!
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Yes! Been absolutely killer mate!!!
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Fantastic, my analysis does converge with yours
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