I think AUDUSD moves higher from here.
We've had some potential breakouts here from copper and gold is looking a little better, both of which should help the pair move higher.
sentiment is extremely low along with extreme AUD shorts and extreme daily RSI reading below 30, all of which are usually good indicators of bottoms.
I think we've reached peak fears for AUD with china worries and the pair could find it hard to move too much lower.
Not trading/investment advise, feedback welcome!
We've had some potential breakouts here from copper and gold is looking a little better, both of which should help the pair move higher.
sentiment is extremely low along with extreme AUD shorts and extreme daily RSI reading below 30, all of which are usually good indicators of bottoms.
I think we've reached peak fears for AUD with china worries and the pair could find it hard to move too much lower.
Not trading/investment advise, feedback welcome!
Comment:
closing at 0.63911
Comment:
going to re-enter at 0.6381 - may take it out later but seems like we've slowed down on the decent
Comment:
out at stop loss