AUDUSD is in a large falling channel Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 23, 2020 4:30 AM

AUDUSD is in a large falling channel. And now the price has approached the strong resistance line.
I recommend selling from this resistance line. Target - level 0.668

Comments

muzzy2006

⋅ Jul 23, 2020 5:47 AM

i hope it comes down as per your prediction.

GaryA_Trader

⋅ Jul 23, 2020 9:25 AM

Looks like it has more room to go up than down. Let's wait and see

wisy

⋅ Jul 23, 2020 5:08 AM

With the dollar weakness this might take a time to happen

jojofang0901

⋅ Jul 24, 2020 12:39 AM

thank you for sharing, I have similar out look for a sell as well.

pyxis2025

⋅ Jul 23, 2020 5:54 PM

This pair should hit the TP area my the middle of next week. Australia has just announced an estimated budget deficit of $132 billion in the new fiscal year, nothing like this since WW II. This deficit should indicate a possible move next week to the TP area.