Shor-term outlook for AUDUSD is so mixed in my opinion that it is slowly starting to annoy me. Yesterday I presented a bullish version, which was invalidated quickly after I posted the chart. Today aussie is again well bid, every dip is being bought.
For my bearish setup, the first thing I need is for price to break that support level @ 0.93345 (around there). If it comes there, I don't think it will stall this time, as it looks like a double/triple bottom. Every short-term long holds its stop there, so if price reaches that area, it should be fueled by the stops. BUT first we need to get there. Watching closely.
For my bearish setup, the first thing I need is for price to break that support level @ 0.93345 (around there). If it comes there, I don't think it will stall this time, as it looks like a double/triple bottom. Every short-term long holds its stop there, so if price reaches that area, it should be fueled by the stops. BUT first we need to get there. Watching closely.