Still some room to the upside on the monthly chart. Find it hard to believe tho that the Dollar will make it that far without making a pullback first and the weekly chart shows that this pair has climbed way more than a typical wave 3. But who knows - so far 3 negative US Job data reports have been disregarded by the market and the upside pressure remains. I am...
Once the Aussie weakens again this trade will be an awesome set up for longer term swing traders. Warning note tho, we still have to see the Dollar index correction which once it happens will strengthen the Aussie again temporarily. But with that in mind I will go for tthis one
If the NFP misfire today - here one of several charts to trade
I am still waiting for a correction on the US Dollar Index but the upside seems to prevail so this is a good trade imho