I apologies if my postings of late have been ambiguous.... last week, I was leaning bearishly on the AUDUSD, then I started turning Bullish,,, now -- well ??? hmmm
I think we may be getting close to a resolution.... today's turn lower was very ugly..... It was ironic that the highs of the last few days returned to the neckline of a possible Head & Shoulders neckline. That is something to be considered... Today's low, was the top of the Bullish Falling Wedge I highlighted the other day... this 1.06 - 1.075 area seems to be the battle-ground, I'd allow 50 ticks lower on the downside. I think this may be crucial crucial battle-lines, which determine major direction beyond that...
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