A Weaker AUD? Technical And Sentiment Case
Retail Sales + inflation data out of Australia has increased the case for short side negative bias.
That coupled with recent news around china has caused large falling momentum.
Long zones therefore persist below as sentiment wanes and true price preference occurs.
That coupled with recent news around china has caused large falling momentum.
Long zones therefore persist below as sentiment wanes and true price preference occurs.
Note
Antipodean weakness (particularly in AUD) stemming from China woes and safe haven buying. Push from this near term TL not ideal. Would not be surprised if drip lower into Monday.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.