with the stock market rallying here and the risk-on sentiment prevailing that helped push the aussi higher.
I have a bias that the stock market is setting up for a more downside and have been selling the index for a while so how i will sell this pair
I am expecting the pair to come to retract back to its previous support which now turned to resistance, that's why I will be watching price action inside this zone to see if it could provide me a reason to short
Check today analysis below⠀
_____________________________________________________________________________⠀ -DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀ -⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
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.