AU: Holds Bearish Sentiment
Updated
AUD/USD set for another drop this week with immediate support at 0.59600..I'm currently holding short from last week, but am looking to add to my short position on a break of that level.
Australian data indicating a sharper economic slowdown
DXY showing broad strength as risk-off remains in the markets. Still a lot of uncertainty over COVID-19 as the virus continues to spread.
*Preservation of capital is crucial, especially these days - so trade with proper money/risk management.
-Krecioch
Australian data indicating a sharper economic slowdown
DXY showing broad strength as risk-off remains in the markets. Still a lot of uncertainty over COVID-19 as the virus continues to spread.
*Preservation of capital is crucial, especially these days - so trade with proper money/risk management.
-Krecioch
Trade closed manually
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