AUDUSD 11/5/2020 (MIDAZ TRADING STRATEGIES)

AUDUSD

The pair suffered huge fall due to dollar safe haven strength , and has made a 'V' shape recovery.

Buy/sell opportunities lies on upper tier of Bollinger band (Daily) .
We see gradual uptrend momentum on this pair.
When pair reaches near Double resistance zone, it is worth shorting it , any breakout that took Stop loss, we can go Long on the Pair.