After this eventful week I can see two scenarios unfolding:
(1) In normal market conditions I would expect a pullback to former support, followed by a move up to resistance.
(2) Given the incredibly quick rally we just experienced, it doesn't seem far-fetched to think that there is a relentless force driving the AUD back to pre-covid levels. This would bring the pair back to pre-covid uptrend channel where it could potentially take a breather.
Let us know what you think!
(1) In normal market conditions I would expect a pullback to former support, followed by a move up to resistance.
(2) Given the incredibly quick rally we just experienced, it doesn't seem far-fetched to think that there is a relentless force driving the AUD back to pre-covid levels. This would bring the pair back to pre-covid uptrend channel where it could potentially take a breather.
Let us know what you think!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.