Risk on mood brought strength to the aussie with ease of tentions with China after weekend announcement that the 'trade war is on hold'. EUR continues to sell against the majority of currencies.
Current set-up offers good risk-reward and is in line with fundamentals. Fib levels seem to be respected so first obstacle in the way is 61.8% retracement. Potential to take profits and re-enter there.
Happy Trading!
Current set-up offers good risk-reward and is in line with fundamentals. Fib levels seem to be respected so first obstacle in the way is 61.8% retracement. Potential to take profits and re-enter there.
Happy Trading!