The EURAUD has reversed its near term upwards trajectory upon AUD news last night (employment up).
More employment means strength for the AUD as it typically does not help inflation lower. Having that said, we are nearing intraday setups between falls.
Longs preferred lower @.618 on displayed chart, coinciding with higher timeframe areas.
More employment means strength for the AUD as it typically does not help inflation lower. Having that said, we are nearing intraday setups between falls.
Longs preferred lower @.618 on displayed chart, coinciding with higher timeframe areas.
Note
If you took anything early (.382) exit for gains amidst current sentiment long term.Note
Returning to highs with a lot of momentum, would not be surprised if move continues higher.Long way off long term short areas. still room despite Rate rhetoric difference. Still preferred short, not time to buy.
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Free Pro Multi Asset Trading Guide:
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bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Related publications
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.