Here I have AUD/USD on the Daily Chart!
Since the Low in April, Price for AU has been on a Bullish Run!
I believe the Resistance Level it has been struggling with all year may be coming to BREAK soon!!
On the tail of LOWER than expected NFP numbers for USD last week AND word that the RBA may be needing to look to INCREASE INTEREST RATES .. We could see MUCH more bullishness from AU
SO much in fact that I think the Highs of Dec. 2023 may be in sights!
I am currently waiting for:
Price to fall Lower to a Minor Level of Support to enter a Buy Position
-OR-
Price to Break the Resistance Zone @ ( .6640 - .6612 ) and then to Retest Break for Buy Position
Since the Low in April, Price for AU has been on a Bullish Run!
I believe the Resistance Level it has been struggling with all year may be coming to BREAK soon!!
On the tail of LOWER than expected NFP numbers for USD last week AND word that the RBA may be needing to look to INCREASE INTEREST RATES .. We could see MUCH more bullishness from AU
SO much in fact that I think the Highs of Dec. 2023 may be in sights!
I am currently waiting for:
Price to fall Lower to a Minor Level of Support to enter a Buy Position
-OR-
Price to Break the Resistance Zone @ ( .6640 - .6612 ) and then to Retest Break for Buy Position
