Hi traders,
The AUDUSD found some clean moves this week resembling a bullish trend forming. Price found rejection about the 200MA and the 69300 handle. This is due to the dollar pressure on good progress on the US-China deal.
Any good trade news is bullish for the AUD and the stochastic is showing a bullish cross too. If we can stay above 68750 we have a case to take it long, but we need a clean break above the 200MA.
All the best,
Aardall
The AUDUSD found some clean moves this week resembling a bullish trend forming. Price found rejection about the 200MA and the 69300 handle. This is due to the dollar pressure on good progress on the US-China deal.
Any good trade news is bullish for the AUD and the stochastic is showing a bullish cross too. If we can stay above 68750 we have a case to take it long, but we need a clean break above the 200MA.
All the best,
Aardall