AudUsd- Where to buy for long term holding?
There is no doubt about the trend in AudUsd's case, is down. However, looking at the bigger picture, we can see that this trend is in fact a correction of the strong impulse up started in March 2020.
Now the pair is facing strong horizontal support backed by the 50% Fibo of this leg up.
With DXY at 110 and very close to a correction, I expect AudUsd to find its bottom soon and, in the long run, reverse its trend.
0.65 can be a good place to look for a buy-and-hold trade.
Now the pair is facing strong horizontal support backed by the 50% Fibo of this leg up.
With DXY at 110 and very close to a correction, I expect AudUsd to find its bottom soon and, in the long run, reverse its trend.
0.65 can be a good place to look for a buy-and-hold trade.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.