Hello.
Our scan brings up the AUD/USD 5 minute chart. We loaded a lot of data so you can see where our trend lines are drawn.
The trend is up, however, look for a potential pull back to our trend line or even to test the low of .7465 (marked by the black line).
I know many of you are thinking - this is a double top. Although it very well could be a double top, the trend seems to be up, which means that we will see a cotinuation. If it goes below the low at the beginning of our trend line, then that would invalidate this forecast.
If we don’t see you again before the end of the NY session, we hope that everyone has a very nice and relaxing weekend.
Be sure to check your announcements, place your stops and apply your money management.
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