AUD crosses picking up more momentum
Firstly it was AUD/JPY forming a possible base (see chart) and now the AUD is starting to look very strong against the EUR.
The EUR/AUD daily chart (see chart) looks to have a strong topping pattern with resistance levels now at 1.4450. Prime broker reports show more stops below 1.4300.
AUD/USD looks to be stalling at an interim trendline and sideways consolidation looks likely. AUD demand on the crosses being balanced by USD demand across the board.
Have you conceded the 92.9 target? Did you take profit off?
NO T, still long 1/2 my position, sold other 1/2 at 8970 on average on way up. Will stay patient as still think 9300 v achievable
patience is a virtue they say 🙂 thanks and good luck.