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The fundamental data releases for this month has been overall slightly bullish for AUD. Labour market and housing market have seen improvement.
However as we look into the sentimental analysis as for last week in relation to price movement of AUDUSD, we do see that there has been an increase in short positions as price move higher.
This...
EURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below.
PRZ1...