- According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering only Short trades at this time.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- Price broke through the MVP line and rushed down. We consider this a sign for further AUDUSD price decrease.
- The first target is at the level of the previous bottom - 0.645, and the second one, in case of an active price decrease, is at the level - 0.643
Chart & Analyst Comments
