The Aussie Dollar is on a charge and bound for higher levels

The AUDUSD has kicked on beautifully and smashed through the 0.6890 highs after the US Fed cut interest rates again and USD moved lower. The price action could easily extend to 0.6965 as we expect to see a decent squeeze on shorts that would have built up between 0.6848 and 0.6890 expecting a selloff. Expect to see a few more sellers being churned and burned as bulls remain in control. For new entries, price is extended so not a high probability entry as price could just as easily fall over...we will see.

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