With so much hype on the three pairs, I have decided to just share the pure price action technical analysis results on them from my perspective. Not perfect, but it’s good to know. Even if you do not trade FOREX, it is definitely advantageous to know the complete picture through raw technicals as I strongly believe that the media and experts’ advices are just noise echoing two words- Fear and Greed. I’ll try to keep this simple and dummy-proof for those who are not familiar with price action.
However just in case, please note that the following ideas should not be construed as an enticement to buy or sell the financial instruments mentioned, and that there is no guarantee of profit of sort.
The bias for AUDUSD pair is currently a bearish trend and the trend seems to get stronger as it goes. As visible, it is currently at the lowest over the past four years, ......
