Strifor || AUDUSD-23/05/2024
Preferred direction: SELL
Comment: We did not see another short-term growth in the Australian dollar, as a result of which we had to abandon this idea, and today it is most likely better to consider this instrument more from the seller’s point of view. The most likely maneuver in favor of the seller will most likely develop from the level of 0.66460, which will most likely become resistance again (scenario №1). However, a close above this level, especially on the daily chart, will immediately restore confidence in buying, and selling will have to wait.
Scenario №2 is more conservative, according to which you should look for a sale near the level of 0.67500, after updating the local maximum.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: We did not see another short-term growth in the Australian dollar, as a result of which we had to abandon this idea, and today it is most likely better to consider this instrument more from the seller’s point of view. The most likely maneuver in favor of the seller will most likely develop from the level of 0.66460, which will most likely become resistance again (scenario №1). However, a close above this level, especially on the daily chart, will immediately restore confidence in buying, and selling will have to wait.
Scenario №2 is more conservative, according to which you should look for a sale near the level of 0.67500, after updating the local maximum.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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