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AUDUSD Ready to Pullback?
If you watched the last Forex forecast video, you know how significant 0.7015 is for the AUDUSD. Or at least you know my view on that area. It isn’t all that clear from the daily time frame, but the weekly has caught a bid at 0.7015, starting with the October 2018 low. Here’s the AUDUSD segment of the December 28th forecast: The last session of 2019 reached a high of 0.7031 before moving lower and closing the day at 0.7016. It’s pretty clear that the 0.7015 resistance area is winning the battle so far. While you could look to sell the AUDUSD up here, a better option might be to watch for longs from 0.6930 ... (full story)
