#RBA rate cuts to historic low did nothing to interdict price's sustained rally towards targets defined this past January 2015 (see original analysis here:
)
Hence, the following targets remain in force:
1 - TG-1 = 0.84131- 05 MAY 2015
2 - TG-Hi = 0.86144 - 10 JAN 2015
and
3 - TG-Hix = 0.95025 - 10 JAN 2015
Also defined within the field is a "Bullish Entrenchment" zone, defined by the range 0.76483-to-0.7540. If tests, this range would impose the strongest bull ripost - These are illustrated in the following chart:
Following is a social media release update, one of many as price offers technically relevant event:
From Twitter/LinkedIn: ---------- AUDUSD January forecast remains in force; New proximal quant-target defined per core geo; Bullish:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.