AUDUSD BULLS ARE STRUGGLING AND BEARS ARE EYE TO TAKEOVER

The Aussie rally during the trading session yesterday but gave back a significant amount of the gains above the 0.6665 which shows bear is not holding back at a very crucial region. A significant pullback of 1000 pips is a strong short signal. That is not normal behavior, just as it was not normal on the way down. At this point, sellers are eyeing to enter to get a big movement downside. The important resistance point is 0.67, Aussie will continue to go much higher. But if it does not break resistance we will see a long and slow move downwards. Aussie is very sensitive to the Chinese trade situation, US-CHINA tensions and election situation will be monitored and we will keep you updated. Ultimately, this is an area that I think is worth paying attention to, and therefore it is worth noticing whether or not the momentum can carry it higher.