The pair AUDUSD seem to change the direction for a possible bearish move as per the insights gathered from the fundamental and technical point.
The Indices AUD is Bearish and USD is Bullish at the start of the MAY as per the seasonality pattern. Wherein the smart money position is also suggesting a bearish entry in the pair with our very own conditional scoring model supporting the analysis for a possible bearish move.
The technical aspect is also favoring the bears as the Bearish divergence is seen on the charts and a bearish candle too. We need to be sure for which we will wait till the price breaks a strong support level as marked on the charts.
Your suggestions and views are welcomed .....
The Indices AUD is Bearish and USD is Bullish at the start of the MAY as per the seasonality pattern. Wherein the smart money position is also suggesting a bearish entry in the pair with our very own conditional scoring model supporting the analysis for a possible bearish move.
The technical aspect is also favoring the bears as the Bearish divergence is seen on the charts and a bearish candle too. We need to be sure for which we will wait till the price breaks a strong support level as marked on the charts.
Your suggestions and views are welcomed .....