AudUsd- rallies above 0.71 should be sold

19 באוק׳ 2020

After the false break above 0.72 from last week, AudUsd dropped rapidly and broke both the ascending trend line from the flag and horizontal support at 0.71.
Now the pair is in a normal correction that could offer a good opportunity for shorting this pair
In my opinion rallies above 0.71 should be sold and the target could be 0.7 important support