Trading within the range...
Unsure of future direction towards end of week but outlook per the price action is looking bearish.
Incurred a strong uptrend from Covid-19 lows around the 0.8220 area, however is possibly due to blow off some steam as it approaches the strong 0.91432 resistance.
Oscillators are indicating it is now overbought and heading for possible reversal.
AUS government lifting some Covid related restrictions this week which is giving the AUD some positivity.
In the short term (next few days i'll short this). The long term being the next month ill look for this to head bullish.
Unsure of future direction towards end of week but outlook per the price action is looking bearish.
Incurred a strong uptrend from Covid-19 lows around the 0.8220 area, however is possibly due to blow off some steam as it approaches the strong 0.91432 resistance.
Oscillators are indicating it is now overbought and heading for possible reversal.
AUS government lifting some Covid related restrictions this week which is giving the AUD some positivity.
In the short term (next few days i'll short this). The long term being the next month ill look for this to head bullish.