Re: Aud/usd
The peak was 1.0018.
The peak was 1.0018.
There are strong signs the UP is over. Containment for any correction needs to be at 1.0058. If that is broken, then we will enter a consolidative phase where new highs are back in jeopardy. I mentioned in another post that .9890 needs to be broken in order for this move to be convincing that the DOWN is officially on. I'm still holding that view.
Circa 1.0058 is worth risking on a short, because of the tight stop that would be needed on the trade.
Circa 1.0058 is worth risking on a short, because of the tight stop that would be needed on the trade.