Must READ. AUD is at Key Area

21 พ.ค. 2020

This is just an update of my idea on AUD currency. This chart I only put the 50 EMA. By comparing the AUDUSD and AUDCHF with the 50 EMA, we could see that 1hr candlestick is trying to reject the 50 EMA that acts as resistance while AUDUSD we could see that 1hr candlestick is above the 50 EMA that acts as support. Moreover, when combines with the price action it has shown pullback or false breakout. For those who are interesting in trading "AUD" should wait a few more hours to see how the price react at this key area.