
Extending its pivot around .7000 to 7 days in a row. Range during this period has been .6965-.7027
As I showed in USDCAD when a break of a 12-day pivot around a pivotal round number (1.42) seny a (bearish) directional signal, keep an eye on the pattern around AUD.7000.
Don’t get lulled into complacency as the longer the pattern goes on, the greater the risk of a directional move once it is broken.
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