Prices continued to consolidate yesterday as the market is waiting for a breakout opportunity, and all signs point to further dollar losses. With that being said, the market won't go anywhere until the tops are broken, and a rejection is possible, so we're not coming to any conclusions just yet.
We may have a heavy reversal if current levels are rejected. US Consumer confidence is the next important economic release followed by AUD CPI q/q and NZD Business Confidence. Technical analysis outlined in the video. If this analysis was helpful, we appreciate your comments and ratings.