Bearish pennant formed indicating a continuation of the downtrend. This market is coming up to an area of resistance which should trigger some movement to the downside and make a new low. NFP later this week so hopefully out before that.
Comment:
Retraced back to the 0.61 fib level and bounced bounced back down. RBA caused some volatility but rates remained unchanged
Trade closed: target reached:
SOFRONOFX
