TradingView
Dave-FX-Hunter
Jul 25, 2021 10:05 AM

Bearish case for Australian Dollar 

Australian Dollar/U.S. DollarFXCM

Description

This was pure break out, While USD is turning to the bullish, Aussie is facing big growth in the shorts. Banks growth their exposure to the 92K which is this year high and net positions reached -35K that is very bearish. Exposure is 62% to the shorts side. So I'm seeing potential downtrend continuation for another 300 pips. every pull back will offer nice short opportunity.
Comments
N0ST0PL0SS
Nice Dave!
I have a similar view
ForexTrendline
Good stuff, thanks for sharing!
SignalProvider
I always appreaciate your input on audusd
great job
VasilyTrader
Thank you for posting this idea!
InkyGrip
nice technical setup! 💣🦐
More