Latest AUD USD Analysis and ForecastUpdated September 16th, 2021
Intermediate-term bear shift below key .7281
Day trade update and view
A Thursday sell off through key .7281 swing support to signal an intermediate-term bear shift to a bear trend, building on the September down move aa prior acceleration below the up trend line from mid-August, (having stalled from just below the intermediate-term down trend line from May), keeping risks lower for Friday.
Day trade setup
- We see a downside bias for .7270 and .7237; a break here maybe aims for .7218.
- But above .7347 opens risk up to .7376 and possibly .7410.
The push below key .7281 support signalled an intermediate-term shift to a bear trend.
- Downside risks: We see an intermediate-term bear trend to aim for .7776 and then 7891.
- What changes this? Above .7478 shifts the intermediate-term bear trend straight to an intermediate-term bull trend.
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