AW Aussie Dollar Analysis - Contrarian Bull Market Chart
This chart highlights what is happening at the small degree for the bull view.
I can see the first few waves of what should result in a break above the magenta dotted line for confirmation at around .69 cents.
This wouldn't be the first time I have observed such patterns.
During the 2020\2021 EURUSD at the beginning of on the bull run I noticed a very similar pattern occur right before it went higher.
It is definitely an interesting time, but I will not be quick to assume everything else will rise although certain markets may.
The bond yields and interest rates may experience a temporary correction, but the past rate rises may still be having its effects on some markets.
There could however be something similar occur that resembles the 2020\2021 period (after March 2020) all over again. #OPINIONLEADER#
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