AUD/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.655 area.
Good job, i agree on USD strength over commodities!
TradingShot
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Not the most common proposition based on the current market conditions. Generally, it is possible assuming all arguments work out, so thumbs up just for this!
Serana2324
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Nice chart
TheCryptagon
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Great entry point, thanks for the suggestion, we will surely look more into it.