Long bias on AUDUSD
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Following my previous AUDUSD idea, we see price bounced off the resistance level and gapped lower over the weekend. But my bias is still long.
Although I do not dabble in fundamentals too much, the market is anticipating a rate cut soon which may weaken the USD. Along with the technical uptrend of the AUDUSD pair, it's a no brainer to buy.
I look to place long trades on either of the possible price action paths shown on the chart.
Although I do not dabble in fundamentals too much, the market is anticipating a rate cut soon which may weaken the USD. Along with the technical uptrend of the AUDUSD pair, it's a no brainer to buy.
I look to place long trades on either of the possible price action paths shown on the chart.
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