Over-View:

When EUR/USD momentarily broke below the Key 1.3000 level and then failed to sustain its downside break on Monday, this appears to have thwarted the Dollar’s recovery for

the time being and switched Risk back “On”. From a technical perspective, this is best exemplified in AUD/USD, which I am highlighting Today

AUD/USD is probably forming a platform to launch a significant recovery and with good support now around the mid 1.0300’s, I am looking for a rally above 1.0420/1.0450 Resistance to yield a strong advance onto 1.0525 and 1.0570, enroute to 1.0600+ over coming days (see chart below)

I am Buying the Ozzy with a Stop under 1.0320, initially, in expectation of this Upside Break ahead.

This forecast – plus EUR, JPY, CHF, GBP and NZD – will be updated in my Daily FX forecasting service emailed each day to my subscribers. I have been providing this service for 20 years and some traders have been with me since then.

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Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.