Near Term Trend: Turning bullish for bounce
As of 7/6/18 close: 0.7430
Last week, I suggested shorting rallies to 0.7450 with stops above 0.7500 and with a target of 0.7200.
Things are changing short-term for the risk currencies versus the US Dollar. Im noticing more bounce potential for the Aussie Dollar just as with the Euro above. Switching to buy the dips short-term until one of three resistances are tested 0.7633, 0.7724 or 0.7815.
Id look to buy / cover on dips to 0.7352 with stops on a weekly close below 0.7300 and with an upside target of 0.7633. No shorts for now!