While my previous position posted on the AUDUSD did get Stopped, the real position I am still holding long.

I have re-entered on th Finlogox platform as the fundamentals support price appreciation on the AUD, and USD devaluation.

In the next few days we will have a pass of fail metric to cross off coming from the US senate on Joe Bidens stimulus bill, which in theory should devalue the USD.

For Australia more anouncements on bond control mechanisms to curb spikes in inflation have proved effective for the time being with the 10-year treasurey slumping on the RBA anouncment. Additionally Commodity prices have continued to rise.

From a technical perspective the uptrend is still holding true, providing support at the current higher low.

AUDUSD - Long

Mar 02 2021

Take Profit +0.66%

Holding time 10hr

0.77590

Entry price

0.78100

Take profit price

1