AUDUSD ~ Risk Off Sentiment: Stuck In Limbo into EOY (2H)

Australischer Dollar/U.S. Dollar (FX_IDC:AUDUSD)

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FX_IDC:AUDUSD Australischer Dollar/U.S. Dollar

AUDUSD chart mapping/analysis.

Aussie Dollarydoos struggling to regain bullish momentum after early December peak.

Trading scenarios into EOY:

Preliminary trading range = ~66.20 to ~65.25.
Break above ~66.20 = regain bullish momentum.
Bullish target(s) = re-test descending trend-line (white dotted) / upper range of ascending parallel channel (green).
Break below ~65.25 = extend bearish capitulation.
Bearish target(s) = 61.8% Fib / lower range of ascending parallel channel (green) confluence zone.
200SMA also acting as dynamic resistance, reinforcing bearish rollover.
Major macro economic news this week = higher probability of implied volatile swings in either direction.

Kommentar:

AUDUSD chart update (Thurs 14/12):

Price action ripping in response to DXY dump post-FOMC.
Break above/held descending trend-line (white, dotted) = conviction in chart mapping (so far).
Consolidation just below upper range of ascending parallel channel (green) raises probability of potential parabolic move above parallel channel, or capitulate back into choppy range, TBC.

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