Near Term Trend: Positive
Friday’s Close: 0.76750 (+ 48 pips)
UPDATE: Seven weeks ago, our readers are aware, we warned not to short Aussie, and reminded them for several weeks following that comment.
Since that writing, Aussie rallied 390 pips higher, and key resistance at 0.76000 was violated seven days ago.
At this juncture, Aussie remains overbought. Profit taking could ensue.