Inside the Currency Market: AUD/USD

AUD/USD. Points, Rates are close but not perfectly exact yet only very slight changes are expected since the Aussies are holding AUD very tight.

AUD/USD. Bottom 0.7305. Range break above 0.7366, Below 0.7317. Overbought sell point 0.7364. Strategy. Longs above 0.7342, target 0.7364. Points on the way up, 0.0.7349, 0.7356, 0.7364. Reverse short at 0.7364 to 0.7353 then 0.7342.

Shorts below 0.7341, target 0.7323 then 0.7305. Watch 0.7323 as possible reversal point as well as 0.7317 range point. prices and points could be slightly off. Next report China open.

Brian Twomey Inside the Currency Market, btwomey.com

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