AUDUSD WEAKNESS

AUDUSD WEAKNESS EXPECTED

AUD/USD is expected to weaken with the InvesTRAC short term model giving a sell signal. Both the weekly and daily forecasts are showing weakness could continue until late march. The weekly chart above shows that AUDUSD has done very little over the past two years but it could well be time to get out of the congestion pattern. A dip below +-1.0300 could well signal that the uptrend is going to be violated and that the first stop should be the .9500 level.