Inside the Currency Market: AUD/USD

AUD/USD story is contained in ranges and the same story as previous posts. Below ranges are found at 0.7143, 0.7071, 0.7026 while above at 0.7191, 0.7264 and 0.7311.

AUD/USD. Bottom. 0.7131. range break above 0.7191, 0.7264, 0.7311, Below 0.7143, 0.7071, 0.7026. Overbought sell point 0.7191, Failure 0.7179. Strategy. Longs above 0.7168, Target 0.7191, Failure 0.7179. Points on the way up, 0.7179, 0.7185, 0.7191.

Shorts below 0.7167, target 0.7149, just above 0.7143 range point. Watch here for reversal to 0.7167. Points on the way down, 0.7161, 0.7158, 0.7155, 0.7132 Bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

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