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RealistFX
Oct 25, 2020 2:49 PM

AUDUSD - WEEKLY OUTLOOK 

Australian Dollar/U.S. DollarFXCM

Description

The Aussie is in a clear downtrend here on the daily with the AUD having a mini resurgence thanks to the strong support at the key psychological 0.70000 level creating a nice Double Bottom!

May not be a trade that gets taken this week as more a long term view but buys are only taken with a break of the channel and a push above the key 61.8% level to retest the highs created in Sept.

Sells with a break below the support confirming another Lower Low.
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