AUDUSD doji candle positive reversal still short

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
On our analysis on the 16.04 we highlighted a breakout before the downtrend resumed. The 25.04 saw a doji candle followed by an upward reversal but we see this as profit taking on short positions and expect the currency pair to keep dropping. This is because we don't see Australia raising rates anytime soon, also there is a large amount of data out this week starting with USD PCE Core (YoY) (MAR) today and in general we anticipate US data to be stronger than Australian data.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out