Price tapped into a even DEEPER discount. 6 hour imbalance. It gave a good reaction from the 6 hour imbalance. We are still in an uptrend. Price should show real support in the blue highlighted area.
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The blue area on the dollar index should show support. why? because the highs above are too clean. The daily Support has been mitigated. There is current sell orders and buy orders above those highs. The market is attracted to liquidity. The gray box is the daily imbalance. Means there is orders to be paired with on that area.
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The Daily support is that 105.461 area
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P.S. Real support is a level that hasn't been paired with. This is a big misconception. If price has already been there why would it be support?
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AUDUSD Can only go up if DXY goes down. Right now it seems like DXY will go up.
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Won’t hurt to give AUDUSD a chance for a higher price