Swing Chart Indicates Higher AUD USD

The daily and intraday swing charts are indicating a strong uptrend in the AUD USD.  Look for the Aussie to continue to piggyback the equity markets.

The series of intra-day higher tops and higher bottoms are indicating the AUD USD may be in the early stages of strong uptrend.  Trader appetite for risk is high today.  Look for the Aussie to follow the stock indices throughout the day. 

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More