The trade optimism that paved the AUD rally has withered and the interest rate decision has come to limelight.
So, the counter formed a head and shoulder signalling a short-term topping out.
It has broken the neckline as well and is hovering just below it.
Hence, we expect the pair to move down from here.
So, the counter formed a head and shoulder signalling a short-term topping out.
It has broken the neckline as well and is hovering just below it.
Hence, we expect the pair to move down from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.