AudUsd is trading on a strong note at the end of the US session and further gains do look possible although the 4 hour charts are now in overbought territory and the hourlies are turning a little lower.
1 hour/4 hour indicators: Mixed
Daily Indicators: Up
Weekly Indicators: Turning lower
Preferred Strategy: The short term indicators are now mixed and a choppy session at close to current levels would not surprise although the dailies look constructive for further gains, but now that US rates are at parity with Australian rates I do not really think that the Aud$ has too much upside from here and I would be looking for levels to sell into strength. Patience may be required.
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