AUD/USD and USD/AUD Vs EUR/AUD Vs AUD/EUR

  AUD/USD, USD/AUD V EUR/AUD and AUD/EUR significant Break points dating to Jan 1999
                                   AUD/USD
  0.7878 break changes trend to down. Break Points 0.7878, 0.7950, 0.7988, 0.8116, 0.8128, 0.8144, 0.8172, 0.8228, 0.8297.
 0.8228 = 5 year average. AUD/USD from 0.7878 to 0.8297 equates to USD/AUD  from 1.2693 to 1.2052 and a long long way to 1.2052 as this drop to see AUD/USD higher means USD/AUD must drop 641 pips Vs an AUD/USD rise by 419 pips.
 Life between AUD/USD and USD/AUD ranges about 200 pips therefore best to view 0.7878 to 0.8228 as 350 pips for AUD/USD and USD/AUD at 1.2693 to 1.2153 for 540 pips. The actual range between AUD/USD and USD/AUD is 190 pips. If AUD/USD breaks 0.7878 then far lower, alternatively a break at 0.8228 represents far higher.
           At AUD/USD 0.8116, the range is actually broad at 0.9065 to 0.8116 for a mid point at 0.8570 but the way to view 0.8570 is by the 14 year average at 0.8470 because 0.8116 is an average line dating to 2001.
 Overall AUD/USD faces significant breaks shorter term and is currently overbought while USD/AUD is oversold short term. For the week, watch 0.8128 as this equates to the 5 year average for USD/AUD at 1.2303. At USD/AUD 1.1637 represents the 10 year average at AUD/USD 0.8593 then the 14 year at USD/AUD 1.2017 equates to AUD/USD at 0.8321.
 Until AUD/USD breaks 0.8128 and 0.8228 then the current rise must be viewed overall as a correction.
   AUD/USD targets on a break of 0.8228 are then 0.8297 and 0.8321. AUD/USD is below its 5, 10 and 14 year averages at 0.8228, 0.8470 and 0.8762 at the 10 year. USD/AUD is above 5, 10 and 14 year averages at 1.2303, 1.1637 and 1.2017.
   Current AUD/USD trades at its 42% point and warns AUD/USD is in do or die mode.
                     AUD/EUR
   Break below 0.6545 changes trend to down. Break points 0.6427, 0.6444, 0.6452, 0.6487, 0.6529,
   Above 0.6532, 0.6545, 0.6592, 0.6604, 0.6640, 0.6690
  0.6604 = 14 year average. At 0.6427 to 0.6604 equates to EUR/AUD 1.5559 to 1.5142.
         Current AUD/EUR trades at its 88% point and warns a significant drop is upon us.
                       EUR/AUD
  Break 1.5279 changes trend down. Below 1.5009, 1.5130, 1.5241, 1.5279, 1.5323, Above 1.5348, 1.5411, 1.5500, 1.5608, 1.5691, 1.5699, 1.5738
 1.5323 – 14 year average. From 1.5130 to 1.5738 equates to AUD/EUR 0.6609 to 0.6354. EUR/AUD at 1.5323 equates to AUD/EUR 0.6526 and Friday close was 0.6525.
   The AUD/EUR and EUR/AUD combo is a terrific manner to trade as EUR/AUD contains about 73 daily pips and AUD/EUR at 33 daily pips. If a trader knows how to trade this combo and its quite easy, AUD/EUR provides supports to allow EUR/AUD to travel higher while EUR/AUD provides supports to allow AUD/EUR to travel higher. Both AUD/EUR and EUR/AUD bounce from each other’s exchange rates to allow for longs and shorts in each pair for an easy double trade and many pips per trade.
                     Brian Twomey,
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