A bullish white swan pattern is beginning to form on the daily chart. This pattern is also supported by demand zones on both the Daily and Weekly timeframe (only daily demand present on the chart as overlapped).
Initial target PT = 0.78425
Extended target PT = 0.80426
Happy trading :)
Brad.
Initial target PT = 0.78425
Extended target PT = 0.80426
Happy trading :)
Brad.
- Historically Gold and AUD have a positive correlation of over 80%
- Gold has began what seems a break of its near term range, which promotes Bullish pressure for the price.
- Therefore due to the nature of the positive correlation this adds more weighting to my prediction of AUD/USD.