The Aussie dollar began to weaken slightly during Tuesday's trading session before taking off in the air.
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We are threatening our previous high near 0.7440. This is an area that the market previously viewed as important. So now we're above that point. It is suggested that we look at the 0.75 handle given enough time. That doesn't mean it's easy. Just the market is likely to eventually get there.
Considering the size of the candlestick It is quite impressive compared to the previous candlestick. Which shows that we are starting to gain momentum again. As mentioned, level 0.75 would be difficult.
So I think we might need some time to build up the momentum. If and when we can finally break through that point The market may become a more "buy and hold" situation, but before that. I think it might be a situation where you have to be a bit careful.