AUD/USD Completes Textbook V-Shaped Recovery

Direct from the desk of Dane Williams.

AUD/USD continues breaking through resistance zones, completing a textbook V-shaped recovery.

Take a look at that V price has printed on the daily chart below.

AUD/USD Daily:

As a major exporting economy, Australia normally see a strong AUD as a negative.

But if China won't buy Australia's shit anyway, does it really matter?

Yikes.

At least we might be able to get a nice counter-trend short off this resistance zone?

As users on HIVE, there are some lessons to be learned from China's petty retaliation.

If you're a small account, keep your mouth shut.

Whether you're right or wrong, it doesn't matter.

You're going to be the one that comes out worse off for speaking up.

I love China and the Chinese Government is correct.

Best of probabilities to you,

Dane.

FOREX BROKR | Hive Blog Higher time frame market analysis.

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