As shown in our markup, we've tapped into a supply on the daily time frame. After tapping into this supply, we've broken the structure to the downside on a four-hour basis.
This leads me to believe that coming this week we may see further downside for the Australian to U.S. dollar.
We have the CPI news this week, as well as a couple of other news events, These could be the catalyst to push this pair further to the downside.
We will be looking on a smaller time frame for possible entries lower... As always, we will monitor this to see if any entries are given, but as an overall bias we are expecting bearish movements for this pair.
This leads me to believe that coming this week we may see further downside for the Australian to U.S. dollar.
We have the CPI news this week, as well as a couple of other news events, These could be the catalyst to push this pair further to the downside.
We will be looking on a smaller time frame for possible entries lower... As always, we will monitor this to see if any entries are given, but as an overall bias we are expecting bearish movements for this pair.
