I see three problems on the chart.
Firstly, for 1 month, AUDUSD is struggling around 0.7700 key and with uptick Aus employment data, Aussie is threatening this resistance.
Secondly, the key descending (red line ) I draw on the chart, AUDUSD also challenges this resistance. Any break will fuel for the rally of Aussie.
Thirdly, I see SMA100 cut SMA200. This is the biggest signal I want to tell you marking a shift from to .
Some people argue that SMA100 cut SMA200 two times in 2014, but it was the time market waited for a fed rate decision, now we don't need to price for that , so this is a meaningful cut which drive Aussie higher.
Here is my point: A clear break of key will absolutely a strong signal of a strong appreciation, so just need watch it. That's it.
Likely I will BUY Aussie vs Kiwi, Dollar.
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