Week 2 2020 - AUDUSD

Hi traders,

We have found some bearishness in the AUDUSD from a bunch of factors for example, the Australian bush fires and risk off from the prospect of war.

This is a sell only asset, any pullbacks and tests of lows is a sell signal. The stochastic is showing heavy bearishness.

Watch out for the key resistance/support levels, as this is where we are likely to find congestion.

Kind regards,
Aardall