Swing Lower,Sweet Aussie

Good Morning Dynamic Traders!

The AUD has also been subject to a price crash in light of attempts to restore the value of the Greenback.
Below is the daily chart for the AUDUSD.

We have seen this downtrend since July this year. Price is presently perched at a support area and a cluster with a wave 3 fib level.

The XTL clarifies that strength is still heading down. We may see a small retracement towards 0.68 before the journey resumes to the next support and the figure 0.6 thereafter.

Conduct your own studies to ensure the presence of a confluence of events.
The techniques acquired in the recent mentoring webinars will stand you in good stead to view the"bigger picture" and time your entry and exits diligently.

It is always worth considering your positions prior to the Friday close.

The switch to GMT this Sunday is a reminder to change the "daily pivot" study accordingly.


AUDUSD daily chart Advanced Get

My next update will be on Monday afternoon.

Enjoy the weekend!

Saba Jackson