AUDUSD - A Great RR Trade but with caution
Follow up from previous analysis is here:
Price looks to be picking up from where it left off. Testing a S/R level. The outcome of this will also determine if Aussie is turning bullish or not. Notes on chart and I think the context will be more clear after reading the previous analysis.
For more context: This is the DXY/TNX spread chart:
(Click on make it mine to see the updated indicators) to see the strength of the Greenback against the 10yr Treasury.
Looking to EURAUD:
for reference, the H&S target is yet to be filled. A lot to explain, but if the 3 charts are viewed in relation to one another, the context would be much clear.
Price looks to be picking up from where it left off. Testing a S/R level. The outcome of this will also determine if Aussie is turning bullish or not. Notes on chart and I think the context will be more clear after reading the previous analysis.
For more context: This is the DXY/TNX spread chart:
Looking to EURAUD:
