The Aussi eventually dropped lower and hit our target at 0.7575 as we took short position around the resistance area 0.7700.
now after breaking the mini neckline of the head and shoulder as its shown on the chart, the pair is still bearish as long as we're below 0.7630.
selling rallies would be the best strategy to trade this market for now. nevertheless, pay attention that we're trading around a major support area so may find some sort of choppiness here. yet I'm not interested in buying for now until I see a bullish sign from here.
now after breaking the mini neckline of the head and shoulder as its shown on the chart, the pair is still bearish as long as we're below 0.7630.
selling rallies would be the best strategy to trade this market for now. nevertheless, pay attention that we're trading around a major support area so may find some sort of choppiness here. yet I'm not interested in buying for now until I see a bullish sign from here.