- 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.
- The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
- The present level of MVP, which is below the current price, favors Buy Orders.
- The first target is at the level of the previous peak - 0.735, and the second one, in case of an active price increase, is at the level - 0.738
Chart & Analyst Comments
