It seems like the time for AUDUSD recovery is very near. AUDUSD is now consolidating at the multi-year SUPPORT LEVEL and we could see a rapid rise in this pair soon. Swing traders especially can BUY AUDUSD at 0.6870 area with SL below 0.6800. TPs can be set at 0.7050, 0.7300 and 0.7500 over the next few months.
I believe some kind of positive resolution in the US-CHINA trade war will lead to massive strength is currencies like AUD and NZD.
I believe some kind of positive resolution in the US-CHINA trade war will lead to massive strength is currencies like AUD and NZD.
Note
Bounced from support area as expected.
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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.