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Fundamental analysis: Still ongoing talk between China and US which is not benefiting Australia as is China's sixth largest trading partner. RBA said on Monday they will probably cut rates one more time in 2019 and early 2020
Technical analysis : Strong downtrend with retracement, now we can see a consolidation section which happens when the trend is reversing.
Comments: Could do another pop higher before continuing the downtrend.
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Fundamental analysis: Still ongoing talk between China and US which is not benefiting Australia as is China's sixth largest trading partner. RBA said on Monday they will probably cut rates one more time in 2019 and early 2020
Technical analysis : Strong downtrend with retracement, now we can see a consolidation section which happens when the trend is reversing.
Comments: Could do another pop higher before continuing the downtrend.
Feel free to visit our website: www.fxtradingservices.com
Instagram: fxtradingservices