AUDUSD should have a short pullback before testing support

٢٨ يناير ٢٠٢٠

AUDUSD have recently broken through the ascending channel on the 4H charts. Based on the charts, it would seem highly probable that AUDUSD will first do a pullback to the support-turned-resistance level at 0.6805 level before falling to 0.6700

Disclaimer: This is purely my market analysis and i am not making any recommendations whatsoever.

٣١ يناير ٢٠٢٠

ملاحظة

Pullback of AUDUSD was lower than expected. I will wait for any more market signals before deciding on how to play out this trade.

My current opinion is that AUDUSD is currently at quite a low price (even according to weekly charts), thus a short position is not advisable.