An excellent opportunity for plenty of room to the Upside

The Australian Dollar has been falling for the last three weeks and it about time to have just ran out of steam... The zones indicated are solid zones for the Aussie to reverse direction once the price touches it. Especially the prices highlighted in green.

Our channel drawing methodology is not of a conventional approach, time and price is combined to draw it, in some instances it can look like a typical price channel from a classical point of view, and that's because time and price has coincided together.

Analysis update will follow...