Aussie Breaks Yearly Lows. Approaching Mutli-Year Target
After consolidating between 9000-9300 for over a month, the Aussie broke the yearly lows on a horrible homebuilders report and a likely rate cut by the RBA coming up.
In taking out the yearly lows at 9000, the pair is setting up to hit a multi-year target and Aug. 2010 swing lows at 8775, so watch for pullbacks towards 9000, or intraday setups around 8950.
Kind Regards,
Chris Capre
In taking out the yearly lows at 9000, the pair is setting up to hit a multi-year target and Aug. 2010 swing lows at 8775, so watch for pullbacks towards 9000, or intraday setups around 8950.
Kind Regards,
Chris Capre