The H&S pattern formation appears to not want to break below the neckline even after the very dovish, more so concerned RBA releases its Interest Rate Decision and Statement. Fundamentally and technically this pair is a clear short. But as the market is hesitant, downside could be minimal.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.