I think AUDUSD moves higher from here.
We've had some potential breakouts here from copper and gold is looking a little better, both of which should help the pair move higher.
sentiment is extremely low along with extreme AUD shorts and extreme daily RSI reading below 30, all of which are usually good indicators of bottoms.
I think we've reached peak fears for AUD with china worries and the pair could find it hard to move too much lower.
Not trading/investment advise, feedback welcome!
We've had some potential breakouts here from copper and gold is looking a little better, both of which should help the pair move higher.
sentiment is extremely low along with extreme AUD shorts and extreme daily RSI reading below 30, all of which are usually good indicators of bottoms.
I think we've reached peak fears for AUD with china worries and the pair could find it hard to move too much lower.
Not trading/investment advise, feedback welcome!
Note
closing at 0.63911Note
going to re-enter at 0.6381 - may take it out later but seems like we've slowed down on the decentNote
out at stop loss
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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.