Dislikedlooks to me like the downward momentum on the daily and weekly is accelerating downward to me... compressing against the 1.0450 with gapping traction bars. Almost looks like a psychological death roll formation on higher frames which maybe why everyone is already cutting rates.
Minor compression in the e/u between 2650 and 2850 and how the aussy moves till then may show what we will see over coming months.. seems like a big move to me.. almost planned in a wayIgnored
take a look at the 100 hour ema: looks like the downward momentum just got the wind knocked out of it's sail's. (i find the 100 hour ema is a good representation of the swing action of the pair lately)
judging from the remainder of the chart, it won't be going down much further for a while... beside's, looks like we're carvin out a nice bullish pin bar on the 4h