Possible short-term bottom in AUDUSD
After last weeks drop in US macro, we see renewed short-term strenght in commodity FX, such as AUDUSD. For now we have higher low and higher high in the short term view.
In this matter, move back to 0.70 area should be used to buy for a possible target of 0.73. Stop loss is below 0.6950. This should offer a good risk/reward.
In this matter, move back to 0.70 area should be used to buy for a possible target of 0.73. Stop loss is below 0.6950. This should offer a good risk/reward.
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.