FOREX: Australian Dollar the Top Trendsetter with Upside Burst

Our YouTube video illustrates the Australian Dollar's recent string of 6 consecutive Daily gains on our proprietary Australian Dollar Activity Index.  This represented Aussie's best run since late August.

A$'s gains didn't really come at the expense of the US dollar as we can see in the AUD/USD chart below. The 0.8821 level has been good resistance.

We've seen some good selling pressure at 1.4509 in EUR/AUD as the Daily chart below shows.

The AUD/CAD Daily chart below shows some good demand around 0.9821 and 0.9789.

AUD/JPY has been a one-way street as we can see in the Daily chart below.

AUD/NZD has found good buying action at 1.1061 and 1.1006 as we can see on the Daily chart below.

GBP/AUD has had major problems at 1.8395 as we can see in the Daily chart below.

Finally, AUD/CHF demand has been decent at 0.8349 and 0.8230.

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