Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.64700 zone, AUDUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64700 support and resistance zone. Trade safe, Joe.
Great work as always. I doubt the AUD will keep falling below the 0.63 level, this has happened in rare black swan events. Do you think there's a chance of rebound now that the two major economic partners are meeting again after 3 years? They must announce some positive news on trades, this is probably the major push for AUD back in 0.7