AUD/USD In Large Corrective Structure
Second Skies | Jun 24, 2015 12:30AM ET
AUD/USD – Large Corrective Structure (4hr chart)
For the month of June, the AUD/USD has been in a large corrective structure and channel between 76 and 7850, with 2-3 touches on each side.
I’m suspecting with the low liquidity and summer trading months, this channel should hold, so will be looking to sell at the top of the channel.
A daily close above this channel would negate that bias, but downside, I’d be looking to target 7700.
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