Bearish case for Australian Dollar
This was pure break out, While USD is turning to the bullish, Aussie is facing big growth in the shorts. Banks growth their exposure to the 92K which is this year high and net positions reached -35K that is very bearish. Exposure is 62% to the shorts side. So I'm seeing potential downtrend continuation for another 300 pips. every pull back will offer nice short opportunity.
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🔵Telegram - t.me/fxhunterwealh