AUDUSD Continued Upside
Jonathan Kibbler, January 2nd, 2018
AUDUSD bounced perfectly of the 0.7500 level as expected. Price continues to move higher and is approaching the next weekly resistance level . The moving averages have crossed now and expect continued upside as the weekly trend seems to be starting. Ideally we would like to see a pullback into the support zone and 61.8 Fibonacci before looking for long opportunities however we may see price test the weekly resistance first with a shallower retracement.