AUD/USD SELL - 26/10/2017

26 окт. 2017 г.

The Australian dollar continued falling on increased volume, which is a good bearish signal. So our previous scenario remains actual: we should give preference to short positions. We can enter the market after a smooth upward correction in order to obtain a better entry point. A stop loss should be placed above the level 0.7785. A potential of the deal is around 100 pips.

The bottom line: short positions after a smooth upward correction.