The Australian Dollar Has Grown Stronger As Us Dollar Weakens — Commentary

In the longer term, the width of the trading band can be projected upward to set a target near $0.835.
We use Guppy Multiple Moving Averages indicator analysis to identify trend strength and trend changes.
This non-trending environment shows no signals of trend change and GMMA analysis is not a useful strategic analysis tool.
Daryl Guppy is a trader and author of Trend Trading, The 36 Strategies of the Chinese for Financial Traders, which can be found at www.guppytraders.com.
However, trend line and trade band analysis allows the trader to identify the significant trend break points and establish targets.

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