- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous bottom - 0.674, and the second one, in case of an active price decrease, is at the level - 0.6715
AUDUSD - Downward trend will continue, Short trade by market price recommended
July 6, 2022 10:54:27 AM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6860)
-65 p
0.6865
Stop Loss
0.6800
Entry
+60 p
0.6740
Target 1
+85 p
0.6715
Target 2
Chart & Analyst Comments
