AUD has been one of the the top 3 strongest currencies since early April but like all trends there is an ebb and flow. My AUD index has been trending nicely within a bullish channel and if it can hold this support line we could see another impulse. Ideally I want to see price close above the channel support line. If not we are at risk of invalidating the channel. If price closes below the EMA, the idea will be invalidated. GBP, USD, JPY and EUR look like great counterparts to pair with AUD. Watching for good trends and high quality entry points.

Check out my relative strength analysis I post everyday on twitter @WhosTrend
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.