FX:AUDUSD   Australian Dollar / U.S. Dollar
G'day Guys

Next let's analyse AUDUSD.

Today we seen USD going to recover from last week drop. In weekly perspective, this pair was created double top and rejected. This is strong indications that this pair going to changing directions.

We zoom-in in hourly perspective, we clearly see that this pair was stuck on the sideways zone. Which is waiting for this AUD high impact news this week.

What we going to do here, we waiting for confirmation of reversal and taking short position and targeting next minor market cycles on down side.

Let's see what happen next with this pair.. Cheers

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.