AUD/USD was once essentially the most bullish pair from March final 12 months when the USD turned bearish, till the final week of February, climbin
AUD/USD was once essentially the most bullish pair from March final 12 months when the USD turned bearish, till the final week of February, climbing 24 cents from the underside. However, it reversed down within the final week of February, as the long run decline within the USD stopped.
The value reversed again down after popping just a few pips above 0.80, flushing out some weak stops above that huge spherical stage. The value fell practically 400 pips but it surely retraced larger final week. We determined to take a promote place at present, because the 50 SMA (yellow) which has changed into resistance pushed the worth down. Now this pair is heading down, so we’re maintaining this commerce, focusing on 30 pips.