EURAUD is now officially in consolidation. I expected price to break last resistance but we are now consolidating instead. If the market chooses a path, follow and don’t resist. Overall still expecting AUD weakness. Per the RBA Minutes: The Board has noted that a lower AUD would provide more assistance to economic recovery. Policies will follow to drive this. If you were able to catch the bottom support entry, awesome! If not:
Look to enter at price area of 1.6200 TP @ 1.6325 Good luck! Charles V
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