AUDUSD: Using Sentimental Analysis + Technical AnalysisVideo: www.youtube.com
The fundamental data releases for this month has been overall slightly bullish for AUD. Labour market and housing market have seen improvement.
However as we look into the sentimental analysis as for last week in relation to price movement of AUDUSD, we do see that there has been an increase in short positions as price move higher.
This gives us an indication that the overall market bias is still to the downside. And we can potentially sell into the rallies.
