Is the bleed over for risk on pairs? We see all risk on markets across equities, crypto and FX rebound this week. Is this the start of a Q4 rally or will there be more selling coming ahead of us? My money is on a Q4 recovery.
BULL CASE
We could very well see the AUDUSD start it's ascend from here, our price targets is around the 0.76 levels
BEAR CASE
You shouldn't be surprised if price moves down towards the 0.70 levels before starting it's recovery. I'd be a little surprised if price just destroys the 0.70 to head lower but if that happens, we will wait and see.
BULL CASE
We could very well see the AUDUSD start it's ascend from here, our price targets is around the 0.76 levels
BEAR CASE
You shouldn't be surprised if price moves down towards the 0.70 levels before starting it's recovery. I'd be a little surprised if price just destroys the 0.70 to head lower but if that happens, we will wait and see.