With the dollar still range-bound and trading without a clear direction at the bottom of the downtrend, there’s a lot of intraday chop to contend with.
The week as far as I’m concerned will begin on Wednesday after the election results are in and traders can then determine what they want to do with equities and the dollar. in the meanwhile, with a RBA rate hike seemingly imminent, I also look at the aussie, the uptrend and why I still feel the daily is being bought a corrections lower.
Not to be left out, the EUR/USD gets plenty of discussion as well as I explained what a “fist” is on the charts.
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