$AUDUSD: Both the dollar and Yuan pair are bullish...
Updated
Historically, signals happening in both pairs suggest a good outcome for long trades in the Aussie dollar. I've caught a move before, when a weekly trend was expiring on the downside in 
AUDCNH, and we rode a few nice moves up in 
AUDJPY and 
AUDUSD then. We now have a second chance at a similar juncture, while also the 
DXY is at the end of a weekly uptrend in time, and sitting below the target it recently hit, which is right into a long term resistance level from the quarterly chart, so odds for people fading the dollar against strong currencies are above average currently. I'm long 
GBPUSD, adding AUDUSD to my short dollar basket in my FX account.
Best of luck,
Ivan Labrie.
AUDCNH, and we rode a few nice moves up in AUDJPY and AUDUSD then. We now have a second chance at a similar juncture, while also the DXY is at the end of a weekly uptrend in time, and sitting below the target it recently hit, which is right into a long term resistance level from the quarterly chart, so odds for people fading the dollar against strong currencies are above average currently. I'm long GBPUSD, adding AUDUSD to my short dollar basket in my FX account.Best of luck,
Ivan Labrie.
Comment
So far, so good...
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
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.