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Breakout In The Aussie Index

The rally in the Australian Dollar index is the gift for bulls that keeps on giving. In the last 24h, there is further evidence that a new technical milestone has been achieved by printing new multi-year highs and hence strengthening its bullish outlook.

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Opportunities in the Forex indices (video below)

To see an expanded version, right-click and select ‘open link in new tab’. The indices show the performance of a currency vs a G8 Forex basket. Indicators are available to use these measures via Tradingview and MT4.

 

The rally in the Australian Dollar index is the gift for bulls that keeps on giving. In the last 24h, there is further evidence that a new technical milestone has been achieved by printing new multi-year highs and hence strengthening its bullish outlook.

In the video below, I analyze the state of affairs in the FX space, even if it is the AUD that looks most attractive for long exposure. I use concepts taught in the brand new Academy website such as momentum, volatility measures and market structures to come up with the daily outlook in the currency market.

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About the author

Ivan Delgado

Ivan Delgado is a decade-long Forex Trader. Feel free to follow Ivan on Youtube. Join thousands of traders who follow Ivan's insights to increase their profitability rate by learning the ins and outs of how to read and trade financial markets. Ivan has you covered with in-depth technical market analysis to help you turn the corner.