This is a preposterous rally considering all the fundamental weight on the Aussie + the ramped-up global risk. This is due for immediate correction, if not now definitely if it goes back to all-time highs. Remember: I am not your financial advisor.
After calculating the average price range for the last 150+ days, I have calculated a simple tolerance for determining if the next 'break out' has any potential for truly moving out of this range.
Light Blue represents the magnet range that we have been coming back to for almost 6 months
Dark Blue represents the most active range within this range
Green...