AUDUSD Short to 0.6935

٨ يونيو ٢٠١٩

Looking at an uptrend up to the resistance level of around 0.7, it is seen that the resistance level was tried with a shooting star candle but the level failed to break. Coupled with the fact that the volatility due to the nonfarm payrolls should have subsided, I am counting on a reversal back to the mean with the bollinger bands also. Hopefully the downtrend will continue until the support level of 0.6935 from which a long position may be adapted instead if support holds.