AUD looks like building a bottom right here.
-Held 0.71450 lvl pretty well.
-Slow stoch at a pretty nice lvl and crossing
-Many are reducing USD position as it walks into Jan 20
-Currently at a multi-year triangle bottom
Risk including CNH depreciation trend
Long and looking into at least 0.73822
Could wait for the entry due to we are at a high of downward trendline. Consider either 1) wait for the downward TL break or 2) wait for the pull back to around 0.7145
-Held 0.71450 lvl pretty well.
-Slow stoch at a pretty nice lvl and crossing
-Many are reducing USD position as it walks into Jan 20
-Currently at a multi-year triangle bottom
Risk including CNH depreciation trend
Long and looking into at least 0.73822
Could wait for the entry due to we are at a high of downward trendline. Consider either 1) wait for the downward TL break or 2) wait for the pull back to around 0.7145
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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.