Direct from the desk of Dane Williams,
This is not your average forex broker blog.
AUD/USD Daily:
The Reserve Bank of Australia has said it stands ready to buy Australian governent bonds - Yep, that's Quantative Easing (QE).
On the back of last week's AUD/USD rational price action that saw price retest previous higher time support as resistance, things are set to get worse for the Aussie.
60c is the GFC low and next higher time frame level of support...
Best of probabilities to you,
Dane.
@forexbrokr | Steem Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
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