AU short for the next month or two

20 Tem 2021

Here we have AUSUSD making some basic market structure, every market whether it's USD or EUR goes through four phases. Accumulation, Advancing, distribution, and declining. Here we could see that Aussie is now headed towards a declining phase after hitting and breaking highs. It had its bull run but the bulls seem to be exhausted by now thus leading towards sell bias. It consolidated and now it seems to have a clear structure.