The Aussie is back in the sell zone after bouncing from channel/zone support confluence on Thursday. We maintain a top is in place and remain bearish, awaiting an eventual break below channel support. Bears will be on the look out for sell signals on the lower timeframes, seeking to push the pair back below 76.
Initial support is the .7650 - 76 zone, with a break below there targeting ascending channel support above 75. A daily close above 77 would invalidate.
Initial support is the .7650 - 76 zone, with a break below there targeting ascending channel support above 75. A daily close above 77 would invalidate.
