Is this a textbook short or what?! $AUDUSD
The Aussie is declining from a point of resistance that is too good to be true: 200ma collision, major resistance at around 0.97 and 50% Fib. retracement.
Getting a boost from the rising USD today, it seems like a possibility that the bearish Australian Dollar trend may continue onwards. I'm going to keep an arbitrary and obvious target of 0.900 on here
As always, know your risk parameters well, and take the trade on your terms (don't chase anything).
Getting a boost from the rising USD today, it seems like a possibility that the bearish Australian Dollar trend may continue onwards. I'm going to keep an arbitrary and obvious target of 0.900 on here
As always, know your risk parameters well, and take the trade on your terms (don't chase anything).