Price has been following a range for some time now, testing both the top & bottom of the range 3 times, closing on Friday with a bearish engulfing break below the range support. Will be watching for a retest of broken support as new resistance next to anticipate more downside to come. This will lead into a weaker AUD & NZD, & causing CHF & JPY to gain strength as these are "Safe haven" assets.
Note
selloff continues...
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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.