Technical's for AUDUSD
have been looking bearish
over the past week, but there's been a lot of indecision. Overall fundamentally the AUD economy looks better than many other and against the USD with a rate hike expected in Dec
, seems that fundamentally AUDUSD
is likely to shoot higher. But for today, I feel and the charts say that price will head lower again first before reaching new highs.
First target at 0.7617, possibly heading lower to wedge
support circa 0.7500.