I continue to hold a bearish Bias on this pair which I discussed last week
There has been lots of volatility on the US dollar which has lead to choppiness on USD/CASD pairing
As we continue to consolidate below the 1.325 key level we have now also formed a potential H&S pattern
If we see a break of the neckline at 1.3190 I believe we can see a continuation to the downside
First level of support at 1.3090 provides an inital TP level before seeing a continuation lower to print a new low at the 1.3000 monthly support
Stops can be placed above the prior swing high as if we see a 1D closure above I will abandon the bearish bias for the time being
*This is NOT financial advice*
There has been lots of volatility on the US dollar which has lead to choppiness on USD/CASD pairing
As we continue to consolidate below the 1.325 key level we have now also formed a potential H&S pattern
If we see a break of the neckline at 1.3190 I believe we can see a continuation to the downside
First level of support at 1.3090 provides an inital TP level before seeing a continuation lower to print a new low at the 1.3000 monthly support
Stops can be placed above the prior swing high as if we see a 1D closure above I will abandon the bearish bias for the time being
*This is NOT financial advice*