AudUsd- are we done, at least for now?

2021年1月21日

Like many of you, I was also wondering how long can AudUsd go without a significant correction, but every dip on this pair is constantly bought.
From a technical point of view, we have a clear short-term top above 0.78 and after the trend line break, the pair reversed from support and started to rise again.
At this point, this rise can be just a confirmation of this break and Aud can finally roll down.
A break above 0.78 zone though would suggest that Aussie is in search of higher prices.