FXA (Australian Dollar Index) appears undervalued and due for a rise towards $75. A pair idea is AUDUSD buy.
Made a double bottom on the daily and shot up breaking the channel.
11/26/17 – Bias: Neutral. Outside bullish month and week up. Momentum inside hammer in August. Inside week 9/11/17. Tried to go higher in September, long upper shadow. Rev Strat Weekly Down Under 79.68. We will see what December brings. 4 consecutive bearish months. Has not made a lower low since 01/01/16 at 68.33.
11/26/17 – Outside bullish month and week up. Momentum inside hammer in August. Inside week 9/11/17. Tried to go higher in September, long upper shadow. Rev Strat Weekly Down Under 79.68. We will see what December brings. 4 consecutive bearish months. Has not made a lower low since 01/01/16 at 68.33.