Recently the AUDRUB lost 8.3 % in one week and closed below 60 for that week.
This last week saw AUDRUB close back above 60 but the attempt to regain that lost territory is less then convincing.
From a purely technical perspective any follow through below 59.15 could see the pair making a probe lower to 50 at the least.
The coming week or two could set the bias for many weeks. Confirmation of the weakness is now the focus short term
This last week saw AUDRUB close back above 60 but the attempt to regain that lost territory is less then convincing.
From a purely technical perspective any follow through below 59.15 could see the pair making a probe lower to 50 at the least.
The coming week or two could set the bias for many weeks. Confirmation of the weakness is now the focus short term