AUDUSD - Another big move
AUDUSD.
The correction has completed at the 38.2 fib level and the price will turn bearish for the next week. As US dollar is gaining more strength, most of the XXXUSD pairs will remain bearish. Last week was a correction period for all the pairs. We saw GBP turning bearish after some economic data and the upcoming week will provide more opportunities to look for short positions on all the other currencies.
The correction has completed at the 38.2 fib level and the price will turn bearish for the next week. As US dollar is gaining more strength, most of the XXXUSD pairs will remain bearish. Last week was a correction period for all the pairs. We saw GBP turning bearish after some economic data and the upcoming week will provide more opportunities to look for short positions on all the other currencies.
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