AUD/USD Analysis


Let’s pull up the AUD/USD hourly chart.

We just saw a recent spike up and this shows the bullish sentiment is still in control. Look for more potential moves up – pontially to the 1.1100 price target and above.

It is really early but we may want to watch for an Ending Diagonal (ED) to form. If it does, we’ll know to watch for a strong move up followed by a sharp move down once completed.

Good luck with trading.