Hey guys currently long on AUD/USD gained a fair few pips this week, im a beginner and not sure whether its going to find resistance at trhe 0.73719 mark, any ideas from anybody also watching this pair?
According to today’s charts, at 11.05 Bangkok time, and from my indicators, the upward AUD/USD momentum is weakening.
If I was a considering a short term trade, I’d risk going short.
I think that the upward trend of AUD/USD was short term. The latest optimism over a potential COVID-19 vaccine and clarity on the US political front undermined the US dollar’s relative safe-haven status which extended support to Aud/USD pair today.