AUD exposed vs 3 major global currencies. Monthly. It will end in the range box. The breakdown is valid. Retest is missing and is likely to occur next. Prior DM breakdown projection from the innermost shadow sends AUD into the range box. Top Absolute Correlation 1 AUDUSD - AUDCHF 93.3% 2 AUDUSD - AUDSGD 92.7% 3 AUDUSD - NZDUSD 92.1% 4 AUDUSD -...
Pivot : 0.6132 Our preference : Short positions above 0.6132 with targets at 0.58702 & 0.5810 in extension.
AYX am waiting for break out of of trend lines
Shown in chart. I really like the setup of AXY and hopefully daily candle closes below long term resistence line which would be even a stronger indicator that we are looking to test the support line at least.