AUD breakout

Good Evening Dynamic Traders,

The AUDUSD is displaying signs of a possible breakout scenario so is currently on the watchlist for entry via ESLT to avoid a FBO.

You may have noticed some longer term divergence between mid March and June, which is a good point but not so valid as MACD started to follow price for the most part since June.

Please note the arrows are for illustrative purposes only and not actual predictions of where price will go to.















Note the AUDCHF which is also doing something very similar to the AUDUSD where price is at a previous resistance level and we may see a breakout/down there too.


Good Trading!
Bijal Shah