USDollar is receiving support from market sentiment.
This week, the key data is NFP report on Friday, and strong data is likely.
RBA still claim that Aussie is too high for historic record.
The resilence of AUDUSD is gradually over, and I think AUDUSD most likely back to the downtrend.
Look at on the chart, indicator. Strong resistance is at 52.8
keeps below this level, test many times and now I see it is falling down.
We have two on the chart:
- uptrend line and downtrend line.
I see AUDUSD break the downtrend line.
0.77 is now become the resistance : AUDUSD soar to this level then bounce back , this proves that AUDUSD reject this level.
I think AUDUSD is on the way to 0.7500 level.
I hit a SHORT position at current price 0.7635, stop loss at 0.7700, take profit 0.7500