AUDUSD Lower

i like selling AUDUSD here as a short term pullback.

nice resistance above which allows for good leverage.

metals/commodities are a touch lower, the yield differentials are also a touch lower.

the story for AUDUSD rising so far has been rising commodities which is lead to a strong terms of trade for australia and other commodity currencies. commodities are a touch lower and china is having issues with covid again which i think will weigh on AUD. We also have the policy divergence which i think will only get wider with the RBA looking for higher wage growth.

sentiment is suggesting a move lower which helps.

overall a little bearish AUDUSD starting the week off.

not trading/investment advise, feedback welcome!