I have been mainly bullish on risk on pairs like the aussie dollar for the past for weeks. This weeks' price action is making me switch my bias. The pair looks short to mid-term bullish and looks like it will trade in a range for the large part of 2022.
BEAR CASE
We are expecting price to visit 0.70 for a strong rebound. After that we will switch our strategy towards trading in a range with a bias to farther downside for the AUDUSD
BULL CASE
If the market proves us wrong in the coming week, we're expecting price to retest the 0.76 areas where there might be some resistance.
BEAR CASE
We are expecting price to visit 0.70 for a strong rebound. After that we will switch our strategy towards trading in a range with a bias to farther downside for the AUDUSD
BULL CASE
If the market proves us wrong in the coming week, we're expecting price to retest the 0.76 areas where there might be some resistance.