The string of good US data and hawkish Fed may suggest the dollar correction might be over.
The MACD divergence suggests we might see a retracement of the currency pair down to the point of release 0.7380.
Entry point: sell 0.7560
Take profit : 0.7400
Stop Loss : 0.7630
The MACD divergence suggests we might see a retracement of the currency pair down to the point of release 0.7380.
Entry point: sell 0.7560
Take profit : 0.7400
Stop Loss : 0.7630
Comment:
Closed the trade at 0.7540, the selling of USD continues and the copper looks like it wants to take a leg higher which supports the aussie.