AUDUSD Lower
I like trying an AUDUSD short here.
from a technical perspective i think we could break this support we've had for a week or so which could cause a strong move lower as we hit stops. We've also rejected the move higher from the hawkish RBA which i think signals that the market is focused on other things - this could be that risk sentiment is likely to continue falling on the back of global tightening.
correlations are moving lower including the au200, copper, iron etc.
not trading/investment advise, feedback welcome!
from a technical perspective i think we could break this support we've had for a week or so which could cause a strong move lower as we hit stops. We've also rejected the move higher from the hawkish RBA which i think signals that the market is focused on other things - this could be that risk sentiment is likely to continue falling on the back of global tightening.
correlations are moving lower including the au200, copper, iron etc.
not trading/investment advise, feedback welcome!
Note
taking this out here around 1 RR
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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.