PRICE HAS GOTTEN TO THE GOLDZONE ON THE FIB RETRACEMENT ON THE 4HR TIME FRAME. ITS A GOOD SUPPLY AREA
PRICE IS AT A PSYCHOLOGICAL LEVEL AND A VERY GOOD SUPPLY AREA
head and shoulders on the 4hr and its into the weekend, Aud will face sellers as fundamentally it struggles
overbought and price has been rejected off the weekly resistance.
dollar has gained strength after the 25 point bases cut because the market had already priced that in and from Powell speech and press conference, it was clear his outlook on USD is hawkish(bullish) and on the other SNB does not want swiss franc to get too strong.
we are in a channel and we have a nice rejection from the resistance
The fed may not a rate cut tomorrow on USD as the data that came today is more better than expected.... hmmmnn USD might be strong with fed interest rate decision likely to be unchanged.
on the daily, a small W pattern is formed and i have a confluence of my fib zone 0.5 aligning with my resistance trendline and with IMF economic outlook for USD,it might get stronger as a haven