Phantom_Trading

USD about to strengthen against the Aussie $$

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUD, Is looking extremely corrective up at these levels after not only completing ascending channel, with three touches but, also extending the most recent highs to form an ascending wedge... We are looking for a probable weakening and short play in the AUSSIE against the USD as investors continue their plight to safety and risk aversion!!!!

Before we look to take any shorts, we will check the US Dollar Index (DXY) for any insight!


Trade Smart

Phantom Trading

Website: www.phantomtradingfx.com
Youtube: www.youtube.com/phantomtrading
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.