Fundamental reason
According to the 2020-12-01 cot report we can see that there are shorter oders more than long oders in aud ,
From this we can conclude that aud is weak
Technical reason
AUDNZD has broken his support over the course of the week, now it has become a resistance and will drop back to the channel's support.
According to the 2020-12-01 cot report we can see that there are shorter oders more than long oders in aud ,
From this we can conclude that aud is weak
Technical reason
AUDNZD has broken his support over the course of the week, now it has become a resistance and will drop back to the channel's support.
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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.