maxw3st

AU at a decision point

maxw3st Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
AU either continues up over 0.7320 or we'll see 0.71 shortly. Strong move up off the low, but it needs to keep going over previous highs.
Trade active:
reversal is done. Waiting for the next swing low to go long.
Trade active:
Trade active:
may be done dropping but if it fails this reversal attempt 0.7250 looms large. Today was a LL & LH on the daily.
Trade active:
If it's going to happen, the next few days is when there could be a new low put in. Lowe's recent language suggests a sooner rather than later rate hike projection, so that could influence trader sentiment.
Trade active:
update to the chart. Expecting a low to be put in by EOw.

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