AUDUSD: possible scenario
0.72250-0.72750 price zone might act as resistance and possible opportunity for opening short position.
Since end of July the pair is trading sideways, however the bias remains bullish (meaning lower volumes should be opened).
Rising number of Covid cases resulting lockdown in Melbourne + global uncertainty might fundamentally support Aussie from breaking above 0.72750 price level.
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Don't forget about the fundamental rules of trading.
Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.
Since end of July the pair is trading sideways, however the bias remains bullish (meaning lower volumes should be opened).
Rising number of Covid cases resulting lockdown in Melbourne + global uncertainty might fundamentally support Aussie from breaking above 0.72750 price level.
//
Don't forget about the fundamental rules of trading.
Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.
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