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.
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.
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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.