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Australian Dollar / U.S. Dollar

AUDUSD 11/5/2020 (MIDAZ TRADING STRATEGIES)

33
AUDUSD

The pair suffered huge fall due to dollar safe haven strength , and has made a 'V' shape recovery.

Buy/sell opportunities lies on upper tier of Bollinger band (Daily) .
We see gradual uptrend momentum on this pair.
When pair reaches near Double resistance zone, it is worth shorting it , any breakout that took Stop loss, we can go Long on the Pair.
Midaz_Investments
Trend Analysis

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.
Trend Analysis
Midaz_Investments

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.