AUDUSD (Short)Whats up Guys,
95% of the the meat and potatoes of this chart is explained on the chart -
Fundamentals Behind my Technicals -
No surprise and not the only thinking this - the trade war with the US and China is currently and for the medium term in the FAVOR of the US. This hurts China. Australia is a major exporter to China. This hurts Australia. Australia remains Dovish with their interest rates and nothing spectacular happening in their economy ATM.
The Red Lines above the ST on my chart - show - in the event that I am wrong and the AUDUSD breaks out Upwards, areas of potential resistance to the breakout.
Keep a close eye on this one guys - i think its ready to pop.
Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors
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-Nix
