AUDUSD Last line of defence - .68700
After closing out of a sharp run short Friday night it is time to watch and see if the AUDUSD bounced of the last line of resistance. If it fall through this Monday morning it is time to start selling heavily. I will try with a double position as breaking through this line indicates a global recession sentiment in my mind. Iron ore could then fall. AUD is like a canary in the coalmine.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.