All the major news for Aussie is out for this week, so I don't expect major market reversals.
Price reached into Weekly and Daily resistance level and reversed sharply. Daily and 4H indicators are both overbought.
I expect a deeper move lower.
To be extra safe you can wait for price to breach weekly resistance to the downside and look for shorts after that. To me, there's no reason for price to go back up after such a bit spike.
Price reached into Weekly and Daily resistance level and reversed sharply. Daily and 4H indicators are both overbought.
I expect a deeper move lower.
To be extra safe you can wait for price to breach weekly resistance to the downside and look for shorts after that. To me, there's no reason for price to go back up after such a bit spike.