AUD/USD - CLOSE TO OVERSOLD (BUY AREAS)
Technical Overview: - AUD/USD
Check out our previous posted analysis -
Australian Dollar had been bullish for a long time following the printing of the US Dollar
The more you have of something the less valuable it becomes, the feds had been printing day and night and they are not planning on stopping any time soon..
Just recently stimulus package was passed in the senate house leading to more printing, while the DXY can squeeze into highs, the outlook remains bearish
Higher Time Frame - Last week we tapped into our buy zones after selling off and causing slippage due to NFP, on Friday late in the week
we may see this bullishness carry over from this zone and continue to possibly see more bullishness over the week but for us to get a new entry we need to see lower pricing
ideally in the lower zone
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Check out our previous posted analysis -
Australian Dollar had been bullish for a long time following the printing of the US Dollar
The more you have of something the less valuable it becomes, the feds had been printing day and night and they are not planning on stopping any time soon..
Just recently stimulus package was passed in the senate house leading to more printing, while the DXY can squeeze into highs, the outlook remains bearish
Higher Time Frame - Last week we tapped into our buy zones after selling off and causing slippage due to NFP, on Friday late in the week
we may see this bullishness carry over from this zone and continue to possibly see more bullishness over the week but for us to get a new entry we need to see lower pricing
ideally in the lower zone
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
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