AUDUSD Trade Idea

17 Ara 2020

Overall, AU is trending upwards. However, I do not recommend traders to chase the bullish move as it is overextended, and I can expect some exhaustion and temporary rotational condition coming into play. For those who are involved in the long side, trailing stops is great to secure profits in such extended market. 0.7520 is the support of the range, however, looking for long opportunities if AU does some deeper pullback below 0.7500.

Trade safe.