I been waiting for this for quite sometime.
considering the FX:EURUSD correlation to TVC:DXY , we almost have the exact setting in both charts on different ends.
expecting this to shoot up as TVC:DXY crumbles in my previous chart.
Multiple broken channel + head and shoulder formation .
both, the channel and the head and shoulder formation has been retested at this point.
expecting a little consolidation before a break out to the the downside.
Expecting to AUD to pick up here, once we get our combination of price action approval and breaking of the trend line confirmed, then i would assume its a bullish market.
If we break the channel we might test the bottom one more time before heading back up.