- 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 increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- Price broke through the MVP line and rushed down. We consider this a sign for further AUDUSD price decrease.
- Set Take Profit at the local low, beyond which there is a cluster of orders.
Chart & Analyst Comments
