Week 9 2020 - AUDUSD
Hi traders,
The AUD price is reflecting the contraction in the Asian economies as a result of Coronavirus.
Price respected the 20MA eventually breaking the consolidation region we highlighted.
Price remains oversold so any pullbacks will be an opportunity to short into. The biggest opportunity to short will be at the 66757 level.
Trades too the upside should be taken with shorter term targets.
Kind regards,
Aardall
The AUD price is reflecting the contraction in the Asian economies as a result of Coronavirus.
Price respected the 20MA eventually breaking the consolidation region we highlighted.
Price remains oversold so any pullbacks will be an opportunity to short into. The biggest opportunity to short will be at the 66757 level.
Trades too the upside should be taken with shorter term targets.
Kind regards,
Aardall
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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.