Intraday the Aussie might lift but beating USD% D, W, TF? No
https://www.tradingview.com/x/DBCT4Pu7/
On Friday AUDUSD looked to me a very strong case for long positions, at least going forwards a few days to a week. I took the trade Long, knowing the USD$ was strong, because that's what the charts were telling me on Friday, but today it's a difference story. The Aussie likely to get a small bounce now and further selling to then take hold later in Tuesday.
But that has all changed with the Gold price selling off yesterday Monday, Gold selling and correcting in a bigger manner puts the US Dollar in a position of strength. Yesterday, I wrote how the US Dollar broke out with Bitcoin last week.
But at some point, very soon I imagine, the USD$ will not be able to outperform and be in alignment with Bitcoin's continued outbreak upwards.
But stranger things have happened, for now the USD$ is back and showing its strength against other currency's.
On Friday AUDUSD looked to me a very strong case for long positions, at least going forwards a few days to a week. I took the trade Long, knowing the USD$ was strong, because that's what the charts were telling me on Friday, but today it's a difference story. The Aussie likely to get a small bounce now and further selling to then take hold later in Tuesday.
But that has all changed with the Gold price selling off yesterday Monday, Gold selling and correcting in a bigger manner puts the US Dollar in a position of strength. Yesterday, I wrote how the US Dollar broke out with Bitcoin last week.
But at some point, very soon I imagine, the USD$ will not be able to outperform and be in alignment with Bitcoin's continued outbreak upwards.
But stranger things have happened, for now the USD$ is back and showing its strength against other currency's.
Trade ativo
The USD$ index about to crash through 106.
Gold short trades get ready
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.