Farid
Short

I'm bearish on AUDUSD

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
If you look at the COT report this week, you see that the big players of the market have doubled their short positions this week. last week the net position was -24,356 and this week it's -40,281 so, regarding this, we should expect a strong downtrend. Today we encountered a daily resistance which was respected as a demand level . We shall wait for tomorrow's push to break this strong resistance.
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