AUD/USD is parabolic at this point, and is getting dangerous to own. The only thing that I can think of that would be worse is to sell it. Granted, there is a pullback coming, but we never really know when that is. Because of this, look to buy pullbacks at the 1.05 and 1.02 levels as this is certainly a bull market, but is overextended. If you buy here, you are simply chasing the market.
Originally posted here
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