AUD/USD SELL - 06/10/2017
The pair has finally come out from the consolidation and now is trading below this range. The move was pretty abrupt and was supported by increased volume. Also we need to point out the level of resistance 0.7811, where large volume is concentrated. Given the facts above, we should open short positions after a smooth upward correction to obtain a better price for enter. A stop loss should be placed above the resistance. A potential of the deal is 60-70 pips.
The bottom line: short positions are in priority.
The bottom line: short positions are in priority.
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