Hi traders,
The AUD was choppy for this week showing a bull flag, if we can break the highs we can make a case for the bulls targeting 68960.
The AUD held support on the 68300 level showing there is demand however the stochastic is looking bearish. You could argue that the AUD is up at these levels because the DXY came under pressure. So, bullish plays should be taken with caution.
All the best,
Aardall
The AUD was choppy for this week showing a bull flag, if we can break the highs we can make a case for the bulls targeting 68960.
The AUD held support on the 68300 level showing there is demand however the stochastic is looking bearish. You could argue that the AUD is up at these levels because the DXY came under pressure. So, bullish plays should be taken with caution.
All the best,
Aardall