Hello Traders!
Here I see that AU is looking to take out buy side liquidity.
I would like to see the 20 day high broken than a potential fade by the commercials.
Get retail to switch to a bullish stance then they increase their shorts and take profit from their longs.
We have a interest rate differential. America has the higher rate so they the yields are higher for DXY.
The central bank traders invest more in higher yield assets.
However I could be wrong but that's okay because it all speculation.
Here I see that AU is looking to take out buy side liquidity.
I would like to see the 20 day high broken than a potential fade by the commercials.
Get retail to switch to a bullish stance then they increase their shorts and take profit from their longs.
We have a interest rate differential. America has the higher rate so they the yields are higher for DXY.
The central bank traders invest more in higher yield assets.
However I could be wrong but that's okay because it all speculation.
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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.