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Could be Much Lower Longer term, but that is based on Possible Swing Low Targets on this Monthly Chart.
It is about to Break Lower it seems....unless some event changes this the Trend is still Down.
Long term Targets are Marked on the Chart.
Current 3 hour chart of AUD. I have not traded the AUD since last year. Obviously missed a great move.
Broke a multi month trend line last week. So the trend is down until something else happens. I am looking to enter short on pull back. However, I will be watching last years low of 6840 closely.
6C and 6A are highly correlated to GC and CL.
Both are countries driven by commoditiy prices.
Matt Z
Optimus Futures
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