AUD/USD to make big moves to the upside?

22 Nov 2020

Wagwan traders, AUDUSD have reached a somewhat level of resistance, it seems to be struggling to push up past this price to make higher highs and move to the upside. As you can see price has broken a big downtrend line so this may be indicating a big move to the upside and start an uptrend which would be hawtt. If price does break the line ya boi will be looking for a big long position, with how price is reacting around this price it could come down a small bit before it makes that big push up. If you look at the stats most retail traders are short for this pair for some reason, (guess cause they think this current price is a strong resistance which it's not really). So overall I will be looking for long positions next week but all depending on how price moves , I will update you batty bois with my idea as price moves next week.