watching to see if this reaches the October 2020 Lows before taking it long waiting to see how price reacts to the
0.85xxx - 0.86xxxx levels, if we see a bullish engulfed candle then its time to go long.
Technically we are in a channel on the 15min chart which looks bullish, from a fundamental perspective Australia's economy is much strong than Japan, we heard recently that in Japan there was a state of emergency in Osaka
Stop loss: 79.159
we could see this short once it reaches 1.67729, wait before rejection before shorting as we dont know whether it could go higher AUD is currently weak due to China tensions halt purchases of coal from Australia.
The daily chart tells me that its bullish, price action on the 15min chart indicates itsbullish as its above the 50ema.
having said that i would take extra precaution this week, reduce your TP, we are expecting a lot of volatility with more brexit talks, Trump corona status, and stimulus package in US stalling it could...
From what i see bollinger bands are contracting, there has been a bearish trend for the past week, its currently hit its lowest point as identified from the support line, my prediction would be a bullish trend.