AUDUSD trend formed, support broke

91
With the recent news of: increase of building permits (USD) and also employment change in AUD which is below forecasted value along with the fact that AUD has been slowly decreasing in value for some time being less economically stable than the USD. I’ve opened a position once the pair broke the support and as such it has kept a declining trend. I haven’t implemented a take profit yet I’m just waiting for the pull back to mark another resistance level. One to watch over the next day or so. Thanks.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.