AUD/USD: Some technical analysts getting all ‘bulled up’
No, I did not forget a few letters from the middle of ‘bulled’!
Yesterday it was cable where the big calls were being made and today I see where a technical analyst is looking for 1.1150 in AUD/USD in the next few weeks. I must be missing something as I cannot see any justification for such a call just yet. If the weekly wedge were to break, then I could understand such a call but as long as it’s in place I think that all big calls on the Aussie are premature.