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wersel
Oct 24, 2020 12:07 PM

AUDUSD Long Long

Australian Dollar/U.S. DollarFXCM

Description

I think the long momentum will continue, because of the weaker green bag. The positive outlook for a US stimulus package will push the DXY further down, and that will positively affect the AUD and might just help push it through that resistance were it is sitting at the moment. Also, COVID might be under control after a long harsh winter in Victoria with a very tough lockdown about to end. A travel bubble with Australia and New Zealand will give AUD another positive momentum.

All in all happy trading
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