Hello Sophisticated Trader,
Since early June the $AUDUSD has held strong support of .6840, which is also the upward trend line support. At this point, I have lowered my expectation of a dip to .6700, even though this would be nice. But the $AUDUSD, is making a clear path, especially on the monthly chart for a potential test of .7200. With Monday and Tuesday being the end of the month, we are looking for volatility favoring the upside. However, a Daily close below .6840, would suggest a test of .6700.
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Dr. Lydia Smith
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