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- Risk-off sentiment has been favouring the Aussie Dollar, but not a developing oversold DXY bounce lol.
- Currently in no-man's (trading) land between rally off Golden Pocket & overhead 50% Fib & R1 resistance line.
- Zoom in on lower timeframe for clearer intention re: price action pressuring below 200MA back into Golden Pocket, or finds support & continues upward trajectory.
- Dichotomy between recent RBA hawkish stance vs. US Fed dovish leanings also plays well for AUD bull-thesis...fascinating.
DYOR.