The EUR is still relatively weak, albeit quite overbought, whereas the AUD is definitely relatively strong and extremely oversold, which makes this pair a perfect match for a shorting idea. Looking to TP at or just ahead of the demand zone around 1.3828. If failed and the high at 1.3902 gets taken out for good, exit without second-guessing, which may be at about 1.3914.
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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.