Although a trend of higher weekly lows highlights bullish AUDUSD sentiment and the demand to buy dips, a daily Shooting Star at Friday’s 27 month high at .8126 has signalled the potential for a temporary pullback. This is occurring with Monday’s near ½ Big Fig losses ending a trend of higher daily lows. With no sign that the correction is ending, the outlook for Tuesday is to sell on the open and then at .8038, Monday’s Marabuzo line with a stop loss at .8074, yesterday’s high. Targets are to .8003, today’s Asia low, .7973, Thursday’s base and .7932, last week’s low trade.
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