AUDUSD Honestly just look at the increasing threats to market stability, tariffs, war risks increasing, this is an absolute gamblers market IMO, only pretenders could be certain about anything here.
I'm sitting out until there is a clearer picture for March, could care less if I miss the first 25% of a move if it means I'm not twiddling my thumbs hoping trump doesn't shove a nuke up my ass again :)
AUDUSD this thing is ready to pop. Good to see some old friends marking the news on Bloomberg today and talking about the amount of short positions building up on the US dollar. I think other currency will follow.
AUDUSD Very possible after last weeks news on Tariffs, the uncertainty around Zelensky & Trump negotiations on peace in Ukraine/Russia, that AU is likely to target the bottom of the reversal wick from Feb 3rd.
Really needed a strong reaction of .62/621 area which didn't and hasn't come.
If price slowly trails up out of here, I'd expect it to turn back around between .625 & .63.
Potentially after that wick is taken out and there's once again no liquidity remaining below to go for, we might see a longer term bull retracement on the higher time frames.