Potential Sell in AUD/USD if the resistance level holds
Dear traders, AUD/USD has been in an uptrend for the last few days.
However, price has not been able to break the resistance level
that I have highlighted in my chart.
Keep in mind, that we have the FOMC event later in the day which could
lead to a lot of volatility in the AUD/USD pair. So, be very cautious with
your entry.
That being said, if bearish price action forms in the resistance level,
traders can consider selling AUD/USD@0.68 with SL above resistance
and TP at 0.66.
However, price has not been able to break the resistance level
that I have highlighted in my chart.
Keep in mind, that we have the FOMC event later in the day which could
lead to a lot of volatility in the AUD/USD pair. So, be very cautious with
your entry.
That being said, if bearish price action forms in the resistance level,
traders can consider selling AUD/USD@0.68 with SL above resistance
and TP at 0.66.