TheNews

The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price?



Daily price is located in the primary bullish area of the chart above Ichimoku cloud: the price is on the secondary correction started 2-3 days ago by breaking 0.7455 support level to below for the correction to be continuing with 0.7253 target for the daily bearish reversal to be started.



Weekly price is located inside Ichimoku cloud by trying to break bullsh triangle pattern with 0.7539 resistance level to above for the primary bullish reversal to be started.

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