AUD tumble

Good Evening Dynamic Traders,

Hope you all had a great weekend. Apologies for the lack of blogs recently, I have been extremely busy at work and have been unable to upload any posts. In addition, I will not be able to blog regularly for the next few weeks due to some upcoming events.

The AUD is the talk of tonight's post. Price has tested the VI and trendline support and bounced up. It has now approached a RN, coupled with Fib reversal areas. In addition we have MACD divergence and reversal candles. This all indicates a pullback of some form. I am not suggesting trading against the trend to go short, however, if price does break through there may be an opportunity to enter long.














Good Trading!
Bijal Shah