Profits taken and waiting for further signals
Recent short closed at previous resistance.
A triple bottom and weak US data provided strong encouragement for the Aussie bulls.
But I still find it hard to get exited when you see such a clear rejection of 80c.
Fundamentally there is not much value left in the ASX and our economy is still heading downhill.
Thus still taking opportunities to buy USD.
Hopefully technicals shed some more light in the following days.
A triple bottom and weak US data provided strong encouragement for the Aussie bulls.
But I still find it hard to get exited when you see such a clear rejection of 80c.
Fundamentally there is not much value left in the ASX and our economy is still heading downhill.
Thus still taking opportunities to buy USD.
Hopefully technicals shed some more light in the following days.