Arkie,
It's pretty close to the top bollinger on the daily... With out a significant collapse in the USD or another Aussie interest rate rise it probably doesn't have much upside until it works off a bit of this last big run.
Based on previous corrective ranges I would say that AUD will come back to maybe 90c before continuing up. That's where I will wait and try going long.
Plus if this move down gets a bit of momentum the chart will have a lower low and a lower high on the larger trend.
USD [DX-Y] looks bullish on the weekly charts so I'm inclined to look for Bullish USD trades ergo short AUD where appropriate.
Just my thoughts...
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Arkie,It's pretty close to the top bollinger on the daily......
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