Bearish Monday’s becoming firmly entrenched

Just reading an interesting piece of research from Deutsche Bank which shows that the AUD/USD has rallied from 1.0213 on Friday July 6th to 1.0470 this morning yet in that period, it’s fallen by a cumulative 365 pips on Mondays. Additionally the Dow Jones index has fallen on 14 of the last 15 Mondays. Perhaps I’ll have to switch my mantra from risk-off Fridays to risk-off Mondays!

  1. Do you mean AUD/USD Raka? Sorry I’m really not sure at moment on short-term movements, my overall tendency is to sell bigger rallies towards 10700 in line with weekly charts. Shorter term probably look to buy 10380ish for move back to 10500?

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