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...
AUD
unknown
Arkie,It's pretty close to the top bollinger on the daily......
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