Aussie rejected of descending slope.

Australian Dollar bounced of the descending channel, now makes a pull back. Great entry point, with stop above recent high. Entry point between .70031 - .7030.

Commentaire:

After a closer look of the recent monthly price action, someone could also argue that we made a bottom. A daily close above 2019 open would confirm this (IMHO)

Daily Chart

4-Hourly Chart

Trade fermée manuellement:

I do not like the price action and the fact the DXY is making a new LH.