AUDUSD Humpty Dumpty

Updated

Despite the RBA leaving its economic policy unchanged, I still have a gut feel that this pair might drop soon (and as any feelings, they're just feelings, so it's highly likely that I might be wrong and I'm just relying on technical analysis too much + my current bias on USD strength). Waiting for confirmation candles to drop at 0.755 or rise to 0.76833 before entering any trade.

dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2016/11/01/Less-Dovish-RBA-Monetary-Policy-Report-to-Fuel-AUDUSD-Resilience.html

Note

I'm not the only one after all who has this "feeling" (fxstreet.com/news/aud-usd-risks-mounting-to-the-downside-201611012341).

aiza_belle

Also on:

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.