Buyers of the aussie are holding bids @ 1.079x area and sellers are having to compensate their loses real quick as price tries to hold water at 1.0808x highs being tested multiple times ,over night trading in the asian markets will give push in price above 1.0808x zone and am expecting market reaction in london session above 1.082x area .
With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week
Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x
Ps-dabag
With no economic data until thurday on either currencies we should have strong technical bias on this trade from start of the week until we get both unemployment and interest rate figures towards the end of the week
Expecting an entry point in 1.084x area with it holding most sell side liqudity for a push lower to around 1.0793x
Ps-dabag
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heading to 1.082x by London open