AUDUSD Analysis of 15.03.2022

Definitely bearish there is no denying it

We are obviously in the oversold area, but can we even minimally think of operating against the trend? With an intraday retracement position?

The answer is NO, we think that after a short accumulation phase it continues its descent at least up to S3, perhaps at that point we will begin to consider retracement positions.


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