TheLastLuftwaffe

AUD/USD: Traders Look for short term BUYS

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FX:AUDUSD   澳元/美元
The AUD/USD seems bullish on the 4h but the general trend on the weekly is bearish. This short term buys is also evident on the DXY that the dollar sees possible shorts. Also I can see that the market is also very close to the 200 EMA looking from the 4h, a rejection from that zone also showed that the buyers are still in this market. Even for a short term, I still believe in a possible buys before the sells begins. My overall bias is sells though. Tell me what you think in the comment section below...

NOTE:
CP means Confluence Point
M-R means Market Structure

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