Trade Alert
After sliding last week below the short-term upside support line, AUDUSD is now balancing around the 0.7135 level. We need to see a clear break below that area, before considering further declines. Even though some oscillators suggest, that the pair could be oversold on a shorter timeframe, we believe there could stioll be some room for another push lower. But, as mentioned above, we need to see a break of the 0.7135 first.
Please see the chart for levels and the alternative scenario.
Don't forget your stop-loss.
After sliding last week below the short-term upside support line, AUDUSD is now balancing around the 0.7135 level. We need to see a clear break below that area, before considering further declines. Even though some oscillators suggest, that the pair could be oversold on a shorter timeframe, we believe there could stioll be some room for another push lower. But, as mentioned above, we need to see a break of the 0.7135 first.
Please see the chart for levels and the alternative scenario.
Don't forget your stop-loss.