The Aussie dollar had a solid run down on Friday and looks over extended on the short term. Monday is opening with a very short term triangle. Support seems to be around 7100, while Asia should be capped within a 60 pip range with resistance around 7160.
Pair is in a clear intra-day down trend, but a Sydney retracement is likely.
Pair is in a clear intra-day down trend, but a Sydney retracement is likely.
Note
Another day of consolidation meant the 7100 to 7160 zone we talked about held firm. Some nice intra-day range plays was all that was on offer.
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Wealth Building via Trading, Investment & Acquisition
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.