Biconomics

AUDUSD is Approaching 11 years low never expect early reversals!

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Hello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards!

AUDUSD got started to fail since corona virus and now I witness its approaching a very deep low which was held 11 years ago and this level becomes very stronger to expect a trend reversal from this huge meltdown. For me this is a great opportunity to short entries as the cftc data involvement is very towards shorts as well. So Ill be looking for a perfect place to sell back!

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