AUD strengthing against the USD

23. Juni 2020

With news of USD being at a 2 week low earlier today, this would lead to AUD strengthening against the dollar, We see a structure of higher highs ans higher lows, with each higher high acting as support for the new higher low, following this behavior we now are hopefully seeing that happen again and therefore a continuation in upward trend, 8 EMA coming close to 14 EMA but signs are there for a bounce off and a strong upward move beginning,

6.4:1 risk/reward ratio :)