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Double Top For AUDUSD Just Another Reason To SHORT

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OANDA:AUDUSD   澳元/美元
AUDUSD struggle to break 0.70 level and consolidate around the area. Slow starts last week and with the uncertainty around the 2nd wave of pandemic Covid-19, the movement for next week will be centred around Federal Reserve quantitative easing policy.

Key Trading Plan:

i) SHORT from the current price to the support level of 0.68120.

ii) LONG if the price breaks the resistance key level of 0.70769 with the Take Profit Target at 0.71644.




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