AUDUSD still enjoying an uptick but I remain BEARISH on the pair . . . PRICE has already hit its 5D AvDaRa boundary at 70 points and there are obvious headwinds with the 38.2% retrace, both channels and former LOWS to the left. There have been scalping against the trend opportunities when PRICE pushed above the 100/200SMA 60m (blue and green lines) with the 10/20EMA looking positve in conjunction but these opportunities only present moderate value/risk to counter trend trade when actually piercing the SMAs.
Lots of people on a long TG weekend . . . thinner trade may exagerate any moves but otherwise it should be quietish with just a little Tier 1 news out in the UK in a few minutes.
Happy holidays . . .
Lots of people on a long TG weekend . . . thinner trade may exagerate any moves but otherwise it should be quietish with just a little Tier 1 news out in the UK in a few minutes.
Happy holidays . . .
