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xosignals
May 12, 2020 4:31 PM

Time to sell #AUDUSD Short

AUSTRALIAN DOLLAR / U.S. DOLLARICE

Description

The AUDUSD has risen nicely since the slump to 0.55, now an opportunity for Sell.
The AUDUSD touches the average moving line 100 which is used as resistance and only a few days ago the AUDUSD responded downhill as soon as it touched that line.
Stochastic and RSI are relatively high, indicating the possibility of a trend change.
The AUDUSD is still considered a downtrend despite recent increases
Goal: 0.64
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