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Aussie is getting lots of attention today; Not only "Technical" but fundamental analysis states the following:
- AUD/USD traders are 60% Net-Long. Sentiment among traders correlates with technical projections in that Aussie can break weekly
high resistance levels and a sustain move above 0.6900 can achieve this scenario.
- AUD/USD Monthly release of Australia...
UC is preparing for another run up to Aug 7th, 2019 resistance level . There we should be looking for areas to short the pair. A break above this area will result in an accelerated move to the 1.3400 handle. But fail to break the mentioned resistance level , bears will be looking to short this pair. TP1 should be around 1.329 level, TP2 at 1.32144 Aug 13th, 2019...
EU "bat" pattern is complete, presenting now a descending channel towards the "D" leg and preparing to break to the upside. An alternative outlook would be a retest of the FIB level 0.38% for a stronger down move to 1.11275 level, unlikely but possible if end of the week PPI report shows positive.