In a nutshell, the overall Trend is still bearish and with the upcoming RBA statement in the coming few days.
Fundamentally, I believe the USD will remain stronger than the AUD and it would take a big change on both economies to completely reverse the bearish trend. However, beware of the volatility that may come with NFP and the RBA rate announcements.
Sell idea on :
Fundamentally, I believe the USD will remain stronger than the AUD and it would take a big change on both economies to completely reverse the bearish trend. However, beware of the volatility that may come with NFP and the RBA rate announcements.
Sell idea on :
- Retest of Level 0.73000
- Bearish Structure & Candlestick Pattern
- Retest of short-term bearish trend line
- Break and retest of counter-trendline