Further decline in 10Y bond yields with a relative rise in risk appetite pulled the rug from under the dollar usd whose DXY index has resumed its 14% decline from the top
With a positive tone from the Australian Reserve, the currency supported
This led to the rate of rise that we saw in the previous period
Technically on 4 hours AUDUSD
Follow the wave scenario #Elliottwave
The trend is down, but the bullish correction seems to have not ended yet
Monitor levels
7040 - 7020
7125 - 7200
With a positive tone from the Australian Reserve, the currency supported
This led to the rate of rise that we saw in the previous period
Technically on 4 hours AUDUSD
Follow the wave scenario #Elliottwave
The trend is down, but the bullish correction seems to have not ended yet
Monitor levels
7040 - 7020
7125 - 7200