1. Australia will be unveiling reports within the next hours to day or so, a. Westpac Consumer Confidence Index (SEP) {Approx 2 hours 25 minutes from now) b. Employment Change (AUG) (sept 15) 2. we Are now at a strong support cluster that could validate this fake out as a bear trap.. (This is a perfect candidate to trap bears who are short) 3. Price action took a beaten today and hence some retracing or correction is very likely. 4. DXY may be under attack hence selloff this morning, hence it may just be in a new bearish phase.
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