 Many traders are confused and really wonder why certain supply and demand zones don't work and you know the short answer really is is that Fundamental analysis is really what drives price and if you're on the wrong side of the fundamentals Then there's no technical analysis. That's really going to stand in the way of that You're just going to get crushed time and time again and so Technical traders who typically just trade, you know highs and lows Totally oblivious to the forces and entities that are really driving price And so when price came up to this supply zone, which looked like a really nice supply zone We're making you know new highs for example here We've pulled back a little bit with demand zone and we've come up here traders would say all right Well, I missed out on this demand zone So now is just trying time to you know attempt to get short But they would have been first of all trading in the really the wrong direction overall in terms of Understanding why the Australian dollar was likely to appreciate against the Swiss franc Over the medium to long term one of the things that we knew in the trading 180 group This is our Australia fundamental analysis channel Is that according to the experts and the analysts and just our own fundamental analysis is that the Australian dollar really Was a buy for several reasons the main one really being China reopening and risk They're being a bit more risk on and you can have a read you want to pause the video have a read of the analysis for example and as well as This as well talking about the the Australian dollar China's reopening demand driven improvement, etc. etc, right? so We will be even even buyers of the of the of the Australian dollar since the beginning of the year some of the traders Have actually been buyers of the Australian dollars before them actually last year But I kind of recently got on got involved at the beginning of the year Maybe around about the fifth sixth seventh somewhere around here I was a change my bias to go long anyways so where we're at now is that traders would be looking at short trades and So they've been you know looking to to go in short not really understanding that In fact, the Australian dollar was a buy even more so because on that day the 20 I think was 25th January the 25th The this is an article from 25th January 2023 inflation rise means more rate hikes for the Reserve Bank of Australia and so Forex is really exchange rates are really driven by Free main things, which is more central bank monetary policy, which is dictated to them really by inflation and GDP as well as obviously some sort of risk sentiment so Ultimately Inflation data came out. I think it was the the highest since I think the 90s or something like that And so what you saw is the effect of higher inflation means higher high rate in hikes Which is typically appreciative of a currency and so you get this move You know to to the upside a continued move to the upside Hence the reason why this level of supply Didn't work and the wide demand zones are more likely to work in In this scenario and waiting for pullbacks Then supply zones are to work and if you're trading against the fundamentals and you don't understand why then you're you know Always gonna get crushed and you know wonder why the technical strategy doesn't work and bounce some strategy to strategy when really and truly it's your Guess the lack of understanding of how fundamentals actually work And as I said, there's no technical analysis level that's going to work in the face of fundamental or risk sentiment analysis What you want to do is trade alongside The banks who are the ones that are really buying and understand the fundamentals and they and whereas the social media YouTubers the majority of them anyway I just you know buying and selling up, you know random levels not understanding really, you know The where the smart money is positioning. So if you do want to learn a lot more about fundamental analysis Go to the trading 180.com website and really it's the serious Package for serious traders and Yeah, you also get the fundamental analysis spreadsheet which I Show traders how to use and also you can see my buyers has been on the long side And this basically just keeps traders. Hopefully on the right side more often than not anyways guys Hope you enjoyed the video if you've got any feedback, let me know take care and speak to you soon