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[/et_pb_text][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]All right, good day, folks. Today we’re taking a look at the Australian dollar the six A, this is the Australian dollar futures the symbol is six A or maybe a D. on other platforms, there is a micro contract, which is the M six A and then forex traders can trade the Aussie us. And then ETF traders can look at FX A. So I’ve got the daily chart on the left the four hour chart on the right. And this has come to my attention based off of a couple of factors. So the first one here is going to be the area of support structure that we are trading into. So both on the daily timeframe as well as the four hour, you see that we’re coming down here into a previously tested area. But it looks to be a strong area none nonetheless, because of not only daily, but also weekly structure coming here as identified by these yellow lines, which also brings us down to the 76. So I’m looking at a potential reaction point at these levels. I’m not sure if it’s going to reverse. But we are watching this closely. Over on the longer I mean on the lower timeframes. And you can see that we’ve got a lot of divergent signals coming in. So with all of these divergence buy signals coming in, we’re waiting for the right opportunity to get long. We’ve got multiple buy signals lining up here at structure, which is that extra kind of confirmation that we like to see. Because these divergent signals are rarely led us down. You can see we had the last buy one buy over here in September on the daily and then we had sales coming in here October, another sell coming here at the top at the end of October. And then you see these short term pops right here, this one here mid November for a trade to the upside. And then you can see that we’re getting three consecutive bullish buy signals right here, as we trade into structure. Now right now, the Ozzy is weak, so we’re not taking any action. Remember that the Ozzy and gold contracts are somewhat correlated. So if you take a look at Gold, gold is taking a bloodbath as well. selling off from pre identify levels. Here at the 1880 level. These are areas that I’m expecting the market to pause and or see a potential turning point. So that’s going to come in here at 17 at a full $100 from where we started this decline, and then also at 1755 17, double nickel. So these are areas that I will be setting price alerts to see if the market decides to pause, maybe an opportunity to take short, shorter term, buy trades on gold, and know that that will likely boost the Ozzy and or vice versa.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
