AUD/USD - Week 51 - Time for a correction?

Last week the Australian Dollar climbed into fresh multi-year highs against the US Dollar, with good news coming out from the AU jobs report. However, it has a rough road ahead. We expect the price to break the uptrend channel, sooner rather than later, and start a bigger corrective move to the downside before resuming the Weekly bullish trend.

Trade with care!
Financial Flagship

Disclaimer: The analysis provided is just informal and it should not be used as financial advice. You need a plan before you trade, but we assume this can help you have a better idea to where the market is heading next.

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We will update you next week. The price is ranging at the moment and the down move is still valid.