As you can see in the graph above, once again the AUD USD is approaching the 200 moving average line which is used as serious resistance, only this time compared to the previous times we have the beginning of a rising trend.
The Stochastic is already in the area that points to Overbought.
Our recommendation is to let AUDUSD touch the line (15/20 pips) and then sell with a short target of 0.6830
The Stochastic is already in the area that points to Overbought.
Our recommendation is to let AUDUSD touch the line (15/20 pips) and then sell with a short target of 0.6830