Downward Channel in the AUD/USD Continues to Hold
The AUD/USD has bounced off 0.7350. I think the buyers are around for the time being and I will be looking for a short-term rebound. The downward channel has been paying out well so far.
Longer-term I think price can see 0.7500 again, but that will certainly be the roof in price for 2018.
Longer-term I think price can see 0.7500 again, but that will certainly be the roof in price for 2018.