The bigger picture for the aussie

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
70 0 11
I think the Aussie needs a bigger retrace before anymore bearish price action could continue after its had a pretty good fall due to trump and the dollar. Levels i think are important would be around the 75500 to 75550 then potential for slight bearish price.

I see the Aussie regaining ground overall once the election honey moon is over and trump backflips on some promises. Price for me still remains in long term weekly trend lines ( Bullish ). The only reason i see the Aussie brake the green daily trend line for me was the election and lots of volatility that soon died down, but i think that it will soon retest that trend line . But anythings possible, short term i think it needs more retrace before a sell trade is made.

My overall outlook is long target around the 0.77000 0.78000 levels.

This is not a signal, nor advice just a general view of my opinion. Plan your trades and trade your plan, be smart.
Comment: See my other idea of DXY that aligns with this. DXY is now hovering around .618 fib levels and is in a good zone for a reversal.
Comment: still following my directions fairly closely, USD rising on a house built of sand. one minute debt crisis, economy isn't doing well. Next minute they ballin.
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