FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
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Please notice including this most present run up there were six bounces this year during this strong down trend of the aud/usd . These trends equate to about 210 pips, 2.8% per 11 trading days on average. The present run up from 9-11-18 to 9-21-18 is 221 pips, 3% and 10 trading days. Various posts are calling for .73,.74 and beyond but I suggest using caution at this level as this downtrend has been developing for quite a while, the pair is still under the 200-day m.a., and its present move is a consistent reflection of what it has been doing all year.
http://tinypic.com/r/6hnc4z/9
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