$AUDUSD: Both the dollar and Yuan pair are bullish...

Historically, signals happening in both pairs suggest a good outcome for long trades in the Aussie dollar. I've caught a move before, when a weekly trend was expiring on the downside in $AUDCNH, and we rode a few nice moves up in $AUDJPY and $AUDUSD then. We now have a second chance at a similar juncture, while also the $DXY is at the end of a weekly uptrend in time, and sitting below the target it recently hit, which is right into a long term resistance level from the quarterly chart, so odds for people fading the dollar against strong currencies are above average currently. I'm long $GBPUSD, adding $AUDUSD to my short dollar basket in my FX account.

Best of luck,

Ivan Labrie.

Comment:

So far, so good...