Fundamentals:- The Y/Y CPI datafrom the USA was a little below expectations although not enough to cause a drastic sell off on it's own in tandem with the possibilities of a trade war and the the RBA rate decision tomorrow then we could be looking for a bit of an overall turn around in this currency pair.
Technicals:- Now oversold I am looking for a break above the pivot point to see a retest of previous resistance.
Get the full analysis, stop loss take profit and management for this trade on my website
Technicals:- Now oversold I am looking for a break above the pivot point to see a retest of previous resistance.
Get the full analysis, stop loss take profit and management for this trade on my website
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I have decided to exit this trade break even as the USD strength could pull this back down and it looks like the upward momentum is fading