Look to go short if USD were to strengthen (Since AUD is closely Linked to Gold, It could have a profound effect on this pair compared to others if XAU/USD were to continue lower)
Here is my analysis on DXY:
Short on these confluences:
Here is my analysis on DXY:
Short on these confluences:
- Retest of Pivot Zone
- Retest of counter-trend Line (RED)
- Break and Retest of Level 0.72000
- Bearish Structure
- Retest on FIB level (Best 61.8%)
- Break of minor counter-trend line (Once formed from retracement)