Looking for a move up to outside of upper value on AUDUSD
. Price has consistently been supported by the 200DMA and we have had a break of a long term weekly trendline beginning in 2013. In addition, we have a Wyckoff bottom that has formed with completion at target indicated. Gold
also looks like it could have a bullish
run as I feel that the dollar bull run is unsustainable. First major resistance is at 7830 AUDUSD
. Major downside risk at 7250. I would be inclined to add at a rounded test of 7830 to the downside. More passive traders may wish to take some off the table.