AUD: Revisit Key Supply Zone, Potential Short Setup.The AUD Futures 6A1! has revisited a key supply zone established earlier this month, presenting a potential opportunity for another short trade setup. According to the latest COT report, non-commercial traders have increased their short positions, indicating a bearish sentiment. However, it's crucial to keep an eye on the DXY, as recent price movements over the past two days suggest a possible shift in its trend. Given that August often brings uncertainty and lack of clear direction, this environment requires careful monitoring. Consider this analysis as one of several factors in your trading decision-making process.
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