12.08.2021
This is the DOW (INDU) – the pattern it is displaying leads us to believe that the latest rally was corrective and we are set to resume the lower.
This couples with some RISK FX currencies being a bit extended.
EURAUD LONG continues to be our favorite way to express this view.
In addition, the DOVISH stance by BOC has prompted us to add CAD shorts to the book.