"AUD/USD Shorts below 0.8685, 0.8692, above warns higher correction to 0.8704, 0.8711, 0.8736, I like shorts and sell rallies to clear 0.8644, 0.8627, 0.8617 then 0.8580. Price is oversold a bit intraday, heavily oversold long term. Price goes…"
In my opinion this is a pair where the fundamentals and price action are in sync. Neither side wants a rise in price.The monthly view below shows us how high the price has been of recent and desire of RBNZ to bring it down is known to everyone.Taking a look at the daily chart, we see that for the past 2 months, price has…See More
"Brian. check something with you. I am short gbp on Friday at 1.5650 but is feeling uncomfortable as it did not make much headway down. So like to know whether it is prudent to hold the shorts on Monday as I am out of money only slightly. So it may…"
"Hi Jason, GBP/USD, 1.5642 then 1.5626 must break to see 1.5500's, but price at 1.5651 is oversold by exactly 177 pips. That gives us 1.5836 as target, will it get to destination, it could but its a long way to go. Why 1.5626 didn't break…"
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