Basically the AUD is pushed down because of the geopolitical situation.
Technical Analysis:
- H4 bullish trendline
- Fibo correction 0.5 of last pulse H
- H1 divergence
- Break small counter trendline H1 and BOS
Retail sentiment: 59% on sale
Be careful because historically the pair falls 72% of the time in October.
I already want to take a sell position on AUDCHF that I would like to privilege. In addition we have the employment figures that will come out this night in Australia, so for the moment I abstain and I will decide tomorrow morning.
The RR is interesting
Technical Analysis:
- H4 bullish trendline
- Fibo correction 0.5 of last pulse H
- H1 divergence
- Break small counter trendline H1 and BOS
Retail sentiment: 59% on sale
Be careful because historically the pair falls 72% of the time in October.
I already want to take a sell position on AUDCHF that I would like to privilege. In addition we have the employment figures that will come out this night in Australia, so for the moment I abstain and I will decide tomorrow morning.
The RR is interesting