Better than expected employment data from Australia this week boosted the AUD against most currencies. Due to the previously weak USD, AUDUSD had already moved into a bullish sentiment zone, and this weeks data adds to that conviction. We note however a potential trade setup for AUDSGD as the good Aussie data accompanied by the easing move by MAS allowed the pair...
AUD have been rally strong across the board, with Positve news impact, but will Rally end or keep moving. On AUDSGD, its meeting former Resistance Trend Line. here, we can wait for confirmation. To go Short or Long, but my biased is still on the Short Side.
Potentiall Shark parttern PRZ going ?
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PRZ reached on extension
Divergence going
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Potential Cypher now
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The Aussie dollar looking strong at the moment, technically. A commodity based currency with XAUUSD providing buying opportunites to buy and hold.
Monthly technical support for the #FXExotics pair
A Break above our Neckline would set us up for a trade of 4.5%.
Targets are available on the chart as above.
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