- Over extended run on the daily into strong resistance.
- Looking for possible shorts to 0.8560 then to the 0.8500 area.
- Keeping an eye out for CAD trade balance and unemployment data later this week to see how price reacts.
Over extended run on the daily, with possible shorts down to 0.6670 area then 0.6530 for longer term targets.
The past few months the RBA has been lowering interest rates weakening AUD.
Looking to Thursdays AUD unemployment rate to see how price reacts.