This from Goldman Sachs' technical analysis contained in their 'charts that matter' for the week

It was their summary of AUD/USD that caught my eye:

Goldman Sachs' technical analysis forex

Some explanation:

  • Trendscore ranks currencies based on the net score provided by a selection of technical indicators. The inputs consist of trending, momentum and volatility based strategies. The ranking ranges from +6 most positive to -6 most negative;
  • Conviction: 1 star low conviction, 2 star medium, 3 star high

So … the trendscore is very low, up just barely, but the conviction is a 3 star, 'high'

I think that's right? But the target is to the downside. Dunno ….

Anyway - your technical analysis (or anything else) comments welcome!