TradingView
YourLazyTrader
Jun 9, 2023 4:26 AM

AUD/USD best level to sell + 130 Pips Short

Australian Dollar/U.S. DollarFXCM

Description

Dear traders, in my previous idea, I mentioned selling AUD/USD@ 6710 level
(previous idea is attached below for reference) based on daily chart analysis.

As you can see AUD/USD has dropped close to 20 pips from the double-top resistance
level. So, if the resistance level at 0.6715 holds, we can expect AUD/USD to fall
further towards 0.66.

Traders can sell the rallies in AUD/USD as long as the resistance remains unbroken
with SL above resistance and initial TP at 0.6620
More