Near Term Trend: Neutral to Positive
Fridayâ€™s Close: 0.75520 (- 9 pips)
UPDATE: In our commentary three weeks ago, we stated, â€śIf you are not currently short, I would not chase the short side as it is overextended near termâ€ť.
Since that writing, Aussie rallied 242 pips higher.
Key resistance lies near the 0.76000 region.