hi, im just wondering since the aud seems to follow the dow when it goes up the aud goes up, what will the aud follow on monday with the us markets closed till tuesday night?
Will the aud move sideways tomorow and tuesday or will it start its fall but to 84 and 83 cents.
I noticed the 4 hour chart rsi is at 90 and the stochastic is over 80% too and turning down from the high at 8530.
The last 2 drops on the 4 hour chart has had a 100 and a 200 pip fall and both those times the stochastic and rsi wernt as high as they are at the moment after fridays run.
Going back to the 12th of august there was a drop from 8386 to under 82 a rally up 8470 which happened very quickly including one large 4 hour candle that gained 120 pips after it made the high at 8470 it had a bigger drop to almost 8150. Maybe the same will happen here with the new high at 8530 and push it back down to 82-83? One red candle that did start the fall was just short of a 150 pip drop too.
AUD
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