The Aussie dollar formed a double bottom on the continuous chart with the lows on September 4th (6905) and September 29th (6908). Today the pattern was activated as it closed above the peak ( the September 18th high at 7246). The pattern’s target would be 7587 near the 200 DMA. Look to get long on a pullback or aggressive traders can get long at current levels looking for the Aussie to blast through the 100 DMA (7364) and make its way up to a test of the 200 DMA and the pattern objective. Use stops appropriate for your account.