Business Magazine
There is an ABC down in AUDUSD. This is challenging the nascent uptrend we experienced last week. This is a reentry point with a tight stop. A break of this stop area on the chart calls the uptrend into serious question. Here is the chart:
The other currency setups continue to roll with USDCHF and AUDCAD continuing their breakouts and CADJPY selling off today. I have harvested the USDCHF for now, but plan to reenter. Charts:
There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.
Peace, Om,
SoulJester