TheTradersAvenue

AUDUSD > The Perfect Place to Sell, and Why?

שורט
OANDA:AUDUSD   דולר אוסטרלי/דולר אמריקאי
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

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.