The Aussie Dollar is grinding higher but for how long before sellers take back control

Currency Analysis AUDUSD

Timeframe and recent price action : Daily Down/4 Hourly Up



The Aussie dollar has found minor buying the last few sessions but it may be only time until the daily trend lower comes back to life. We see price pushing higher to build the buying fuel for a long squeeze and move lower. Watching the lower timeframe charts for evidence that buyers are running out of steam.


Currency Pair : AUDUSD

Current Price : 0.7545

Status : On watch for buyers to build for a long squeeze lower