AUDUSD has recently broken our resistance zone indicating possible signs of bullish movements. However, we are currently under a strong bearish trendline. This could act as a bearish trap for retail traders before the expected bullish momentum takes over. Overall the COT report is showing signs of bullish movement from the AUD while the USD has started to add on some more short orders over the last 2 weeks.
Seasonals show a very strong bullish rally from the AUD. While the USD usually experiences a deadly decline ion value.
Seasonals show a very strong bullish rally from the AUD. While the USD usually experiences a deadly decline ion value.