For today's forecast, we recommend a Buy Order at this recommended market price - 0.6875. 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.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The first target is at the level of the previous peak - 0.693, and the second one, in case of an active price increase, is at the level - 0.697