AUD/USD At The Extremes, Fading EUR/GBP Rallies Remains Appropriate
December 06, 2021 at 04:45 AM EST
During Friday’s the daily RSI on AUD/USD cracked through 20, a rare occurrence, which highlights just how extreme the move on the downside has been for the pair. The bias for EUR/GBP remains to fade GBP weakness as the cross approaches the 200DMA.
