Short Opportunity for AUDUSD

4 мая 2020 г.

I have opened a position for this pair. My reason for this trade is because the pair has been on a strong bearish run recently after failing to break a new high at its previous resistance (last week). This week, i have identified that it has finished the pullback and with the short term breakout of the support i have identified, i believe that the pair should continue its downward movement from here.