In yesterday's analysis, I expected AU to have strong rotation/ reversal to possibly re-test the 0.7810 key support zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. But focus on the potential rejection at 0.7810 key support zone. Aware that 0.7810 is a key zone determining the short-term sentiment in AU. If it goes below, market could re-test the 0.7825 minor support zone, if it finds strong bullish rejection we can expect a re-visit of yesterday's high.
The overall trend on the timeframe remains bullish bias.
Trade safe.
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The overall trend on the timeframe remains bullish bias.
Trade safe.
Do follow my profile for daily fx forecast & educational content.