SPOT AUDUSD - Thursday's signals
While Tuesday’s bullish signals for the AUDUSD were confirmed with the 2nd strongest day for sentiment in October, yesterday’s signals switched to bearish. These too were confirmed with a modest just over ¼ Big Fig pullback. Although the bounce since Friday’s 30 month base at .7020 has stalled near the 13 day average rate, there is no clear bearish reversal pattern and a developing trend of higher daily lows remains intact. Signals for Thursday are therefore not strong as sentiment has been switching from bullish to bearish on a daily basis. There is a cautiously
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