AUD weakness across the board and this air is primed to move lower. The price is currently rejecting the 50 day moving average after ranging for the entirety of 2021. I expect the pair to try go for the lower range
Here we can see that the previous uptrend is in the process of reversing. Price ran up to a key level and then began to lose momentum and consolidate in a distribution, eventually forming a head and shoulders and breaking out to the downside. This presents a very good opportunity to sell again. Wait for price to pull back to the previous support level turned...
