Why we are selling AUDUSD now
The pair is really bearish but has had some movement upwards. It has reached strong resistance now and it losing steam on M15.
Stops are about 40 pips above 0.7125.
We also noticed that SPX, NAS and DJIA are showing similar weakness so expecting this to happen later tonight. When markets fall, AUD, NZD tend to weaken.
Stops are about 40 pips above 0.7125.
We also noticed that SPX, NAS and DJIA are showing similar weakness so expecting this to happen later tonight. When markets fall, AUD, NZD tend to weaken.
Trade geschlossen: Stop wurde erreicht:
This was a trade that stopped out within 1 hour. Not the best option to take.
03/05/22 DEAL AUD/USD Mini converted at 1.391015475 SD SD-55.64
Funds: SD10,340.69
03/05/22 DEAL AUD/USD Mini converted at 1.391015475 SD SD-55.64
Funds: SD10,340.69
