AUDUSD Short from .72250
I am not convinced in this AUD rally. The last pop overnight looked like a blowoff. Aside from the trade talks China economic data is quite weak, and their stimulus (lowering banking reserve requirements) can only damage in the longer term. As such the Yuan is due for a pull back too.
I have been on the sidelines but will start selling at 0.72250 area.
I have been on the sidelines but will start selling at 0.72250 area.
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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.