All we have left is the patterns to state that this drive is not over extended. Price is sitting tat the 1.27 extension. If we look to support we find that 1.13 and 1.27 rest at near term support. If this fails the only thing that could stop price is the 1.62 extension sitting a support dating back 3 years ago.
I think we can all agree that price needs to retrace, will you be betting the turning point and longing this pair? or wait and try to pick the retracement level to add or get into a short position.
For me, Im going to zoom into the shorter timeframes and trade the obvious aussy ranges. If I happen to be in when it makes a breakout I will hold onto the position to see if it amounts to anything.