21 March - AUDUSD - Short

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 21, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Aussie had an excellent rally over the past few weeks. We saw it taking every resistance on the way to close the week above 0.76. This level hasn't been seen in this market for a long time. At the same time, the current level of 0.76 is a major resistance. It was a strong and responsive support back in 2015. It is likely that this level will be recognised by traders once again. I remain long term bullish on AUDUSD for time beingbased on Commitments Of Traders analysis but I see a counter trend

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