On the weekly we're sitting on a trendline
from over 2.5 years and the 200 ema
, which the last two times we tagged it the price went up afterwards. Also, we have a major support area
around the 1.87 area. On the daily a daily pin bar
closed, with a MACD
crossover and also we broken a minor counter trendline
, which triggered my long.
The AUD is at a major resistance area
against the US Dollar
currently pointing to a selling off at least in the medium term. Overall, I still expect the AUD to appreciate against the dollar.
Targets are 1.96 and then 2.00.