On my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers.
I feel that the noise period is over and a pullback is going to begin. I am going to take a sale position to the next key level. it is evident that once the market moves out of this zone is pulls back significantly quick.
I feel that the noise period is over and a pullback is going to begin. I am going to take a sale position to the next key level. it is evident that once the market moves out of this zone is pulls back significantly quick.