Aussie as stated in the yesterday’s forecast looks weaker than other currencies, that is why the pair decreased lower than expected. It will be incorrect to predict a ring-off as this will be like catching the falling knives, nevertheless at the moment the best opportunity for a rebound is being set. However, we still see a strong downfalling trend, and until the tendency does not change even for a short while, I will not give any persistent forecasts for uprising.
Trading recommendations:
- out of the market