Bears are fading the rallies and building a short position due to the divergence between the Reserve Bank of Australia and Reserve Bank of New Zealand. Lockdowns and commodity volatility hasn’t helped the Aussie, however, the cross trades at a key support level, where buyers could be invited back.

In this video, David looks at the oscillator to assess a potential turn in the markets, back towards the 1.06 and then 1.07’s.

What do you think about this video? Let me know in the comments below.