KaltoireCapital

AUD/USD reaches trend line resistance; Potential Sell?

Singkat
FX:AUDUSD   Dolar Australia / Dolar A.S.
US dollar weakness and a better market sentiment driven by stimulus hopes
lifted risky assets like AUD at the end of last week's trading session.

However, with rising Coronavirus cases in Europe the economic recovery
may not happen as quickly as expected. The market sentiment may turn
negative very soon and that will put pressure on AUD.

Technically, AUD/USD has reached a descending trendline. However, it does
not mean we should sell it immediately.

The best approach would be to wait for bearish Price action at this level
before selling.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.