the aussie is in a rectangle and the price is in the supply zone. if we see h4/h1 we can see that over 0.6540 there is a strong selling pressure. wecan also notice divergences betwee sthocastic and price, so there are high chances to start a bearish wave.
Fundamentally Australia is not so strong because Covid is starting to impact its economy, prices of the houses has fallen and there s no more much confidence in the RBA because they could even cut their interest rates during this year. Usd will become stronger because in a Crisis time the safe heaven currency (in the similar way of chf and jpy) will aprreciate.
enjoy your trading and follow me to have signals.
Fundamentally Australia is not so strong because Covid is starting to impact its economy, prices of the houses has fallen and there s no more much confidence in the RBA because they could even cut their interest rates during this year. Usd will become stronger because in a Crisis time the safe heaven currency (in the similar way of chf and jpy) will aprreciate.
enjoy your trading and follow me to have signals.
TP: 0.6380
SL: it will be published later