AUDUSD
chart mapping/analysis for last week of November.
TBC further details/write-up via ideas section.
コメント:
AUDUSD Write-up (29th Nov)
Risk-off sentiment has been favouring the Aussie Dollar, but not a developing oversold DXY bounce lol.
Currently in no-man's (trading) land between rally off Golden Pocket & overhead 50% Fib & R1 resistance line.
Zoom in on lower timeframe for clearer intention re: price action pressuring below 200MA back into Golden Pocket, or finds support & continues upward trajectory.
Dichotomy between recent RBA hawkish stance vs. US Fed dovish leanings also plays well for AUD bull-thesis...fascinating.
- Risk-off sentiment has been favouring the Aussie Dollar, but not a developing oversold DXY bounce lol.
- Currently in no-man's (trading) land between rally off Golden Pocket & overhead 50% Fib & R1 resistance line.
- Zoom in on lower timeframe for clearer intention re: price action pressuring below 200MA back into Golden Pocket, or finds support & continues upward trajectory.
- Dichotomy between recent RBA hawkish stance vs. US Fed dovish leanings also plays well for AUD bull-thesis...fascinating.
DYOR.