TheTradersAvenue

AUDUSD > The Perfect Place to Sell, and Why?

Kort
OANDA:AUDUSD   Australiensisk dollar/USA-dollar
Analysis of #AUDUSD

with the stock market rallying here and the risk-on sentiment prevailing that helped push the aussi higher.

I have a bias that the stock market is setting up for a more downside and have been selling the index for a while so how i will sell this pair

I am expecting the pair to come to retract back to its previous support which now turned to resistance, that's why I will be watching price action inside this zone to see if it could provide me a reason to short

Check today analysis below⠀

_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.