AUSSIE TANK!! HOW FAR WILL THE GREENBACK SUFFOCATE THE AUSSIE
FUNDAMENTALS
-we are in full on risk off sentiment
-the buck is making a resurgence
-good unemployment numbers
-inflation in the US is decreasing after an overall plateau
-CoT data favours the US dollar
TECHNICALS
-After a lerthagic uptrend, buyers failed to break 0.6900 area.
-Double top at supply zone, where neckline was subsequently filled was retested and broke structure to the downside
-continuing to show bearish momentum at discount. Fib level 62%
-we are in full on risk off sentiment
-the buck is making a resurgence
-good unemployment numbers
-inflation in the US is decreasing after an overall plateau
-CoT data favours the US dollar
TECHNICALS
-After a lerthagic uptrend, buyers failed to break 0.6900 area.
-Double top at supply zone, where neckline was subsequently filled was retested and broke structure to the downside
-continuing to show bearish momentum at discount. Fib level 62%