In the previous analysis, I expected AU to have further bearish rotation towards 0.7650, which was exactly what the market performed. In today's trading session, I will remain neutral bias. Two setups that I'm looking at
1. As we've had a bullish pin-bar on Friday (5th March) closing session, I will focus on some sort of bullish continuation pattern indicating buyers' back, eg Flag, pennant, etc. (Bullish)
2. Some rollover to re-visit Friday's low (5th March) minor support zone, or testing the 0.7588 support zone (Bearish)
The higher timeframe picture remains bullish.
Trade safe.
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1. As we've had a bullish pin-bar on Friday (5th March) closing session, I will focus on some sort of bullish continuation pattern indicating buyers' back, eg Flag, pennant, etc. (Bullish)
2. Some rollover to re-visit Friday's low (5th March) minor support zone, or testing the 0.7588 support zone (Bearish)
The higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.