Commercial traders have been a reliable source of information so far, and you can read my analysis on the subject in the previous post. I have part of my position still running, and I'm looking to take short term trades on the way up.
For now, AUDUSD has broken above all resistance levels, except for the top of the Brexit range. Ideally, we need tomorrow's bar to stay above this level on close, confirming the breakout of the range, and then proceeding to rally above the next level, the top of the first rate cut date's range, which triggered a massive decline in the Aussie back in May.
I'll add the short term view in the comments below.
Added my final position for now and moved stop up to 0.7518
Filled at 0.7591, avg entr: 0,76114
Still holding at support, simply buy dips, it'll get going eventually.
We're long from 0.75985 AVG entry.