On this AUDUSD chart you can see my resistance at 0.69887 is just about to be broken.
It is looking very likely that this is going to happen.
We will wait for the retest (as always) before getting to this one.
Also a nice bullish candlestick patter off the retest.
There is potential for a 50 pip move if this resistance is broken.
Fundamentals point to a fairly weak AUD but i think what i stated on my USDGBP analysis is the same for this pair.
That being that next weeks data will really dictate where this pair is going to go next.
Alarm set on the resistance and hopefully we will be able to get in at some point next week.
It is looking very likely that this is going to happen.
We will wait for the retest (as always) before getting to this one.
Also a nice bullish candlestick patter off the retest.
There is potential for a 50 pip move if this resistance is broken.
Fundamentals point to a fairly weak AUD but i think what i stated on my USDGBP analysis is the same for this pair.
That being that next weeks data will really dictate where this pair is going to go next.
Alarm set on the resistance and hopefully we will be able to get in at some point next week.