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.
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