Australian dollar technical analysis
A three candle reversal in AUD/USD that will be completed today with the close above 0.6908 (spot at 0.7028).
The Aussie has been under near-constant selling pressure since trading at 0.8150 in mid-May. In the bigger picture, worries about China are dominating but we may have reached a point of near-term exhaustion.
If there's a bounce, I think it's a tradable one and we could easily revisit the early-August lows of 0.7216 in a minor round of consolidation.
