AUDUSD Retracement?
Updated
While there is a weak AUD and strong USD, there is a divergence in the pair at 2h chart. There could be a retracement to the 0.382 level. The main direction is downward, so for safety it could be waited till the price reach 0.382 or 0.5 and seen the rejection from that level for a short position. Additionally, if the price break the resitant level confidently, it may go further downward.
Disclaimer: Trade with your own responsibility.
Disclaimer: Trade with your own responsibility.
Trade closed: stop reached
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.