• Joseph Barreca

AUD/USD Further Downside?

With the further lockdowns and Covid worsening in Australia, it's no wonder that AUD is pushing down. Right now it's trading the weak AUD against the stronger currencies such as GBP, EUR, and today USD.

There really isn't much to say on this since all you have to do is open your eyes and look at that BEAUTIFUL trend. Right now all I'm waiting for is a bearish engulfer to look at entering this to the short side. Price has retested 0.74000 with an overbought stochastic and all we need now is price action to go in our favour.

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