AUDUSD presents an interesting scenario as it shows a very strong demand zone where the price has attempted to drop multiple times, creating spikes. However, we do not yet have any interesting points for a long trade, so if the price were to break this zone, we could consider a short trade.
Let me know what you think in the comments.
Have nice trading day!
Let me know what you think in the comments.
Have nice trading day!
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.