AUD/USD: Levels, Ranges, Target

AUD/USD. Bottoms. 0.7347 and 0.7328. Ranges 0.7464 and 0.7587 above and 0.7267 below. Upper targets 0.7401 Failure and 0.7415.To achieve targets, 0.7379 and 0.7387 must break. Both are vital to the downside as well. Lower Targets are bottoms at 0.7347 and 0.7328 then the range point at 0.7267. Big vital points are again rising lines at 0.7170 and 0.7143. Daily range pips today are 19 pips overall and 14 pips shortest terms. Again I’m watching the central banks extremely close as monumental changes are coming. The changes will be seen and begin with EUR/USD, remainder pairs will follow. AUD/USD is way way overbought and mentioned yesterday top is here. Caution to longs.

AUD/CAD. Vital break points 0.9852 and 0.9777. Big point above 1.0016. I will post EUR/USD next and look closer to what’s going on in its prices.

Brian Twomey, Inside the Currency Market, btwomey.com

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