Further decline in 10Y bond yields with a relative rise in risk appetite pulled the rug from under the dollar usd whose DXY index has resumed its 14% decline from the top
With a positive tone from the Australian Reserve, the currency supported
This led to the rate of rise that we saw in the previous period
Technically on 4 hours AUDUSD
Follow the wave scenario #Elliottwave
The trend is down, but the bullish correction seems to have not ended yet
Monitor levels
7040 - 7020
7125 - 7200
With a positive tone from the Australian Reserve, the currency supported
This led to the rate of rise that we saw in the previous period
Technically on 4 hours AUDUSD
Follow the wave scenario #Elliottwave
The trend is down, but the bullish correction seems to have not ended yet
Monitor levels
7040 - 7020
7125 - 7200
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.