Aussie Dollar’s Bullish Trend

There are reasons to believe the Aussie dollar has entered a prolonged bullish trend. The period from the January 2016 low to the present is analogous to the period from March 2001 through January 2003. An idealized drawing of this pattern – called a “Horn” by Schabacker – is shown within the box on the top chart. [See Schabacker, Study VII.]

Monthly AUD/USD

The chart below courtesy of Nautilus Capital exhibits a very strong cyclic pattern in the AUD – and the cycles are calling for a low.

Cyclic Australian Dollar

The daily chart for the March futures contract is also shown. Factor is currently flat and I have no desire to chase this current rally. But I will monitor the Australian dollar for a measured-risk buying opportunity.


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