Two Legged Extension

We favour the Aussie Dollar to continue the bullish stance after it's breather but right now it is at the two legged extension point and just below the fib reversal to we have a cluster formation. We also have 15 trading bars from the previous highs and lows so we will allow you to make your own mind up on this but the entry is not until the Aussie Dollar breaks the triangle trend lines. A point to note is we do not have divergence on MACD.

The G7 meeting today will keep the markets quiet so we are not taking out any new trades.



Good trading.

Forex Analysts
Javid Shaik & Anne Chapman