From an intermarket perspective, AUDUSD is once again showing a divergence in directional bias. While AUDUSD maintains its bullish momentum on the D1 timeframe, XAUUSD continues to trade within a bearish trend, highlighting a potential risk-on sentiment in the market.
This divergence suggests that commodity-linked currencies are holding strength despite weakness in gold, indicating shifts in capital flows and market positioning. Traders should monitor this discrepancy closely, as a continuation or reversal in gold could eventually influence AUD’s sustainability above current levels.
This divergence suggests that commodity-linked currencies are holding strength despite weakness in gold, indicating shifts in capital flows and market positioning. Traders should monitor this discrepancy closely, as a continuation or reversal in gold could eventually influence AUD’s sustainability above current levels.
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