FOREXEL

AUDUSD - Will we have a double bottom retracement on the weekly

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
8
We all know that the Aussie have been selling off big time lately and took another nose dive after the last NFP. There is still a lot of room to the downside on the monthly chart but right now we see a double bottom where the Aussie have pulled back in the past. It is always tricky to dare to enter pull back trades in situations like we have now with a 4 year record high USD Index. But the techs is often right as well so worth to keep an eye imho. Happy trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.