AUDUSD ~ Nov-Dec Snapshot (Daily Chart)
Updated
AUDUSD chart mapping/analysis for last week of November.TBC further details/write-up via ideas section.
Note
AUDUSD Write-up (29th Nov)- Risk-off sentiment has been favouring the Aussie Dollar, but not a developing oversold DXY bounce lol.
- Currently in no-man's (trading) land between rally off Golden Pocket & overhead 50% Fib & R1 resistance line.
- Zoom in on lower timeframe for clearer intention re: price action pressuring below 200MA back into Golden Pocket, or finds support & continues upward trajectory.
- Dichotomy between recent RBA hawkish stance vs. US Fed dovish leanings also plays well for AUD bull-thesis...fascinating.
DYOR.
Related publications
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.