- 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 activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Price broke through the MVP line and rushed down. We consider this a sign for further AUDUSD price decrease.
- The risk-to-profit ratio allows us to set Take Profit for a Short trade at 0.6225
Chart & Analyst Comments
