Like a bouncer from Merv Hughes the aussie puts on a ton from the lows at 0.9594.
Through 0.9700 we go as the over night falls are erased.
The fall lower took us briefly below the long term trend line at 0.9660 and we’re now back above.
Resistance is seen at 0.9730/35 and we’re into that now. Higher up the next resistance is at 0.9796
EUR/AUD is breaking down in similar fashion, coming off the highs at 1.3375 to 1.3257.
I’m still short from up above but am wondering if I’m going to rue not taking some or all profit down below. If we break above 0.9750 I’m taking profit and will look to reload shorts back around 0.9800+
