Short AUD/USD
Updated
The Aussie is in the same position as the New Zealand dollar and is looking for a short because it's at the top of the range. Again this supports the fundamentals for a strong dollar moving forward. With that said, I am looking to shore the Australian dollar against the recent hi for a profit of .6400 or even lower, maybe a retest of potentially .5500 over the coming months. The pair is also forming a triangle pattern, For a retest of the low.
Caution if you are looking to trade this pair please make sure that the shorter time frames are in overbought before entering.
If you like this analysis make sure to like comment because it is appreciated.
Let's make some money together!
Happy trading!
Dr. Lydia Smith
Caution if you are looking to trade this pair please make sure that the shorter time frames are in overbought before entering.
If you like this analysis make sure to like comment because it is appreciated.
Let's make some money together!
Happy trading!
Dr. Lydia Smith
Note
Contrary indicator shows the levels of selling are extreme, please trade cautiously
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