AUDUSD Trade Idea

21 בדצמ׳ 2020

AU has been in a strong uptrend, however, on the Friday's forecast (18th Dec) a short-term pullback is expected as the market was over-extended (crowds disregarding the price). AU recently broke a consolidation and continuation is expected. Currently looking for long opportunities if AU rejects the 0.7575 support zone, if price pierces through the support zone, will be expecting a short-term bearish setup towards 0.7515 technical support.

Trade safe.