A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme - a turning point could be showing up soon seeing how these pairs might be at support.
AUD and NZD pairs show recurring, high probability levels on weekly charts, and have a lot of significance because of duration and number of hits.
Based on chart pattern projection and inspection of previous support resistance levels, these are potential targets for EURUSD, AUDUSD, NZDUSD and USDJPY.
EURUSD, AUDUSD and NZDUSD print new 52-week highs, USDCAD new 52-week low to mark their strengthening against USD; terminates previous year-year trend.
AUDUSD printed a new 52-week high and terminated a year - year down trend since 2013. Bullish reversal pattern. Over a longer time frame, we can see this as part of long term strengthening.
Call them milestone levels but I hope these levels stopping EURUSD, NZDUSD and AUDUSD will finally be broken to shift the market into a new phase. Otherwise we are stuck in this range since 2015 till date.
So Macron is President of France. It's time to stop obsessing the election, time to move on to another trade. AUDUSD-China A50-Copper is what I am looking at.