Bears take over.
AUD/USD has been riding this channel for a while now. Strong resistance at 0.77157. Over the last couple of day's we have seen the market turn bearish once more, we should see it hit the predicted targets above. If on Monday it does suddenly turn bullish we should see a reversal fairly soon. Keep a close eye on the economic news this week. The most important one takes place on Friday at 12:30 "GMT- USD Change in Non-farm Payrolls (MAR)." Previous being 313k and this meeting predicting only 198k should take a bearish impact on the USD.
Happy Easter and trading guys.
Happy Easter and trading guys.
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