For today's forecast, we recommend a Buy Order at this recommended market price - 0.69. This idea is based on the following analysis:
- According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
- The trade is aimed at the previous high breakout. The SLC indicator signals us to set our target at the level where most Stop Losses are placed - 0.6975
