AUD/USD- potential trend reversal.

OANDA:AUDUSD   澳幣 / 美元
41 0
The AUD is the one currency that hasn't been gaining on USD in 2017 like most currencies. I think this downtrend on AU could be coming to an end shortly, we bounced off some major levels and the last bounce was a Lower High. This could be the start of what looks like more upside in the future. As we know USD fundamentals are not that strong and USD looks to weaken overall. Also AUD has lost some of its correlation with gold so I expect that to resume a bit more and help AUD rise as gold is on the rise as well based off a weaker dollar. A confirmation of the trend reversal from down to up would be another set of HH, HL and a nice healthy cross of the 14x50 ema .
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