HELLO ALL,
WITH THE TRADING WEEK ENDING, AND A VERY GOOD ONE FOR ME AND HOPEFULLY FOR MOST OF YOU, MY VIEW ON AUDUSD IS LONG. AFTER THE USA REPORTED MORE RONA VIRUS RELATED CASES, INVESTORS RATTLED THE STOCK MARKET AND CAUSED THE PAIR TO BREAK LOWER. AUDUSD DROPPED TO THE 4HR TREND LINE AND RETRACED AND THEN DROPPED TO TREND LINE AGAIN.
REPORTS CAME IN THAT CHINA WILL MAINTAIN ITS DEAL WITH USA. THE PAIR WENT UP FROM THE TREND LINE AND IS CURRENTLY LOOKING TO CLOSE ABOVE TREND LINE. THIS COMING TRADING WEEK, LOOK FOR PRICE ACTION AND FUNDAMENTALS TO PUSH THE PAIR HIGHER POSSIBLY TO THE WEEKLY RESISTANCE AGAIN OR MAYBE EVEN HIGHER. GOOD LUCK TO ALL!
PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
WITH THE TRADING WEEK ENDING, AND A VERY GOOD ONE FOR ME AND HOPEFULLY FOR MOST OF YOU, MY VIEW ON AUDUSD IS LONG. AFTER THE USA REPORTED MORE RONA VIRUS RELATED CASES, INVESTORS RATTLED THE STOCK MARKET AND CAUSED THE PAIR TO BREAK LOWER. AUDUSD DROPPED TO THE 4HR TREND LINE AND RETRACED AND THEN DROPPED TO TREND LINE AGAIN.
REPORTS CAME IN THAT CHINA WILL MAINTAIN ITS DEAL WITH USA. THE PAIR WENT UP FROM THE TREND LINE AND IS CURRENTLY LOOKING TO CLOSE ABOVE TREND LINE. THIS COMING TRADING WEEK, LOOK FOR PRICE ACTION AND FUNDAMENTALS TO PUSH THE PAIR HIGHER POSSIBLY TO THE WEEKLY RESISTANCE AGAIN OR MAYBE EVEN HIGHER. GOOD LUCK TO ALL!
PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
