RESILIENCY of the AUSSIE DOLLAR Remains INTACT

TACTICAL Investor / Traders VERSATILITY & FLEXIBILITY to take action knowing when to adapt to certain market conditions DEFINES TRADING CONFIDENCE!

A clear cut relationship  of how the "RESILIENCY of the AUSSIE DOLLAR Remains INTACT, in spite of the price recovery of the USD. 

As mentioned in our previous market brief; the effects of the USD price recovery barely affected the AUDUSD closing above the 0.7700 . The bias bullish market sentiments remains even after its corrective move from the 0.7722 March high and the recent low @0.7498, as this has been its trading range to watch.

The fundamentals surrounding the currency market is well known almost to all traders and how these reports influence prices and market sentiments. However, a clear understanding of price action at times can outweigh what seems to be the most obvious. The subsequent analysis mentioned here is to have a clear and analytical approach of price action that goes beyond charting even before a major move occurs, particularly with the AUDUSD price direction relative to the rest of the financial instruments. And in the next market information below is more directed with the AUDCNH Cross rates.

RESILIENCY of the AUSSIE DOLLAR Remains INTACT 

TRADE Reference As Starting Point of Trend:
CCY Corner Strong GDP Lifts AUSSIE