Near Term Trend: Positive to Neutral
Friday’s Close: 0.75601 (- .57 pips)
UPDATE: In our last report we stated, “Based on the reversal lower, the test for the Bulls will be whether the support line at 0.76250 will hold, and as of this writing it’s not holding”.
Based on Friday’s wild upside move and subsequent weak close, Aussie appears to be legitimately struggling.
I would be an outright seller at this time.