AUD/USD Bullish Picture Unfolding

FX:AUDUSD   Australian Dollar / U.S. Dollar
Price has today smashed through a stubborn flat-top Kumo following a series of higher highs and higher lows after the recent weak-form bullish Tenken/Kijun cross that remains in play. We can expect some retracement in the next day or two potentially back to the Kumo top as prices have gravitated far from the Tenken and Kijun equilibrium lines. If Chikou Span can break from its thin cloud and the future Kumo starts to twist we may see a sustained rally to recent highs supported by a bullish picture on the higher time frames. Still developing but one to keep an eye on and go long if we get support at the Kumo with two clear price targets to take some risk off and raise stops


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