After a rocky start from the downtrend breakout to the upside the pair has made a bottoming head and shoulders pattern also known as a kilroy. We have the price above the shoulders now and some fresh air above and continued weakening of the US dollar
It looks as if the Aussie pair AUD/USD has broken it's downtrend that started back in mid July of 2023. This could be the start of a nice short squeeze as the banks lured a lot of shorts when the trap was set on October 1 at 0.635. The squeeze and pain for the longs has started and we finished the day at 0.6436. Always remember that the banks manipulate and then exploit. The banks are always in control and we follow their lead.
Jul 13, 2013 — The Japanese yen held its recent decline past 147 per dollar, approaching a 32-year low of 150 hit in October last year as the Bank of Japan is expected to keep its ultra-loose monetary policy. ..
What do you think's going to take place here in the next 60 days?
This is just the beginning