- 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 dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- MVP line is above the price and acts as a resistance level.
- After a slight upward price movement, profitable buyers actively begin to take profits, returning the price to its original position.
- The first target is at the level of the previous bottom - 0.6825, and the second one, in case of an active price decrease, is at the level - 0.6795
Chart & Analyst Comments
