In yesterday's analysis, I discussed about AU testing the top band of the exhaustion pattern (Flag) with potential probe or rollover followed by further bearish continuation, which was exactly what the market performed. In today's trading session, I'll be focusing on the short-term selling opportunities. I am expecting further sell-off towards 0.7720 minor support zone. However, if there's any sudden bullish momentum pushing price back above the short-term & medium-term EMAs (18 & 50 emas), that'd invalidate the short setup.
The higher timeframe picture remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.
Trade safe.
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The higher timeframe picture remains bullish, I'm only trying to capitalize on the short-term bearish sentiment in the market.
Trade safe.
Do follow my profile for daily fx forecast & educational content.