opentrader08

AUD might suffer after Melbourne lock-down

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello Trader !!! Hope you are doing well.

After yesterday's news on the lock-down of Melbourne for another 6 weeks due to COVID-19, I believe that we should see the AUD under some pressure in the next few weeks. It also helps us to see the price close to a resistance level . That gives me more confidence in the success of this trade. My target will be 0.6600 and depending on how things will progress I will extend the trade even down to 0.6400. Either way i will be happy at 0.6600.

This is my opinion and in no way or form this should be considered as Investment advice. Trade at your own risk.

Please share your toughs and ideas in the comment section so we can grow together . Best of luck

Comments

Nice charting and check my profile
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opentrader08 Dave-FX-Hunter
@Dave-FX-Hunter, thank you. I am following you because i believe you to have a good insight of the market. keep it up
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