After the rallies we've seen the last week and a half I did not think the Aussie might be slumping again. But hey, it's a bearish harmonic pattern. The long term trend on this pair is still bearish, so I am not going to ignore this pattern.
Currently, I'm riding the Aussie up on Risk on sentiment. But that seems to have stalled at the 0.9042 level.
So there is a high possibility that the pattern will play out.
Currently, I'm riding the Aussie up on Risk on sentiment. But that seems to have stalled at the 0.9042 level.
So there is a high possibility that the pattern will play out.