AUDUSD - Still Bullish IMO
Just for my trade notes: I have a AUDUSD Buy Stop in place, awaiting confirmation.
The last move down found support at the top of the demand zone and correlated with a 764 FIB level. The higher low has held for now. No open Long Trades on AUDUSD, I am risk averse still waiting for further confirmation.
US Dollar index shows signs of short term exhaustion on the daily, at 12100, following an overbought RSI and W structure below the 12100 level.
I have an NZDUSD position open that would benefit from near term dollar weakness.
My trade notes only, not a trade signal
The last move down found support at the top of the demand zone and correlated with a 764 FIB level. The higher low has held for now. No open Long Trades on AUDUSD, I am risk averse still waiting for further confirmation.
US Dollar index shows signs of short term exhaustion on the daily, at 12100, following an overbought RSI and W structure below the 12100 level.
I have an NZDUSD position open that would benefit from near term dollar weakness.
My trade notes only, not a trade signal
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