@wombat53
Hey mate...not a big follower of FX unless for import / export $ effect on a Co. but looking at the monthly AUDUSD for the last few years if run through Ichimoku I use you can see my notations and thoughts.
Just appears to be flattening off a little atm...blue bars neutral, green bullish and red bearish.
Obviously the thing gets traded min by min and have tacked on a daily chart from mid last year to now on with a mkt profile - support / resist zones. You can see the D/Trend you identified but can also see it has moved sideways recently through that bottom zone. Be interesting to see if holds the zone, bounces off the D/Trend line extension or breaks down through it.
Have a good one.
AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-7
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