After falling back from the high of 0.7820 on January 6, the AUDUSD rebounded after reaching low 0.7563 yesterday (February 3). The current price is still above the 0.7600 integer.
Since the mid-term (dotted line) has been broken, and the MA60 is about to “death cross” the MA200, the chance of rising in the short and medium term has been reduced, and there are already multiple resistance prices above. The larger chance in the future is sideways shocks.
It is recommended to do a trading strategy of buying low and selling high within the interval shown in the box.
Shock Range: 0.7570-0.7750
Update: Feb.4th 2021
Reliability: 5-10 Market Days
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