This is a multipivot - hidden and unhidden(Ackerman won't like). 1. It is a Mid-June-resistance, 2. an Ackerman's Halfpoint, 3. the upper line of a pitchfork, 4. the bundary of a Donchian Channel. All not exactly 7 times but if tomorrow we do not rise up, then the RSI will begin to fall out of an oversold position and perhaps the 4-day MA will be passed. Then it would be 7 reasons to sell the Aussie.
If this is not enough for you - BUY !
Comments
ForceFollower
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It may be losing steam, but you know... you never know how much fuel is still left in the tank. First I'd need to see the low at 0.9603 taken out.
motleifaul
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You are right. The trend was my enemy this time. Better, I was his enemy as I didn't follow him.
ForceFollower
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We've got an about face (Kehrtwendung) of sentiment for AUD and NZD. It may be temporary or long-term, I don't know yet, but we've got to be cautious here. I will keep looking to go long Aussie but with more care than before...