AUD is on the verge of coming under extreme pressure from the strongholds in the market right now. The currencies backed by commodity sectors are super strong economically and technically they are lining up for another rally to the short side. Technically we have numerous confluences to short, ranging from trendline breaks to retest of key areas and technical patterns. Will be watching price action on smaller timeframes to execute a short position. Trade safe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.