yes , I agree with you , US dollar gets weak , and last night's POWELL speaks , clearly showed .rijay wrote: Thu Nov 29, 2018 4:44 pm
your positioning looks to be right though, as dollar looks to be setting up itself technically for sell off before us-china trade deal.
need to break trendline though, on usd index before it retests lower border of channel, both daily and weekly momentum is slowing down and price failed twice to go past previous high.
all depends on trump i think and the deal. in any case emerging markets currency basket has already started strengthening against us dollar since long enough though, factoring a deal done.
OK , now , we have AUD/USD chart , it shows very strong bullish wave at daily and weekly trend .
Price is above the 21EMAdaily and 21EMAweekly , but we have a semi CROWN pattern , I prefer the price to complete that pattern , and after that , I can decide better for entry buy point .
after last night's news and sharp move , it would be better to stay away and let the market to move wisely .
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