Trading opportunities for currency pair: a pinbar with an upper shade of 130 points has formed on the weekly. It’s a shame that the body is bullish. It’s highly likely that there will be a bounce. Look to sell from 0.7760 with a 0.7535 target. If the trend line is broken, set a target at around 0.7430. Don’t sell the Aussie if oil prices rise. A fall in the rate will be nullified by a close of the weekly candle above 0.7834. Background A pinbar with a 0.7834 maximum and a close price of 0.7704 has formed last week. The Aussie has updated its maximum due to the rise in oil prices. On Thursday after Draghi spoke the rise in the dollar saw the Aussie lose out.