AUD meets its vital resistance at 0.71300 again. Long or short?
AUD is test its vital resistance at 0.71300 once again. World financial market is in panic recently, while AUD as a traditional risk hedging currency has gained some ascending momentum. From yesterday we can see that shorting momentum is not as powerful as long positions.
For day trading, pay special attention on 0.71300 and check if it can be broken through. If not, short position is suitable that we can put our target to the recent lowest point 0.7040. If yes, then we shall take a long position and take profit at 0.72020.
For day trading, pay special attention on 0.71300 and check if it can be broken through. If not, short position is suitable that we can put our target to the recent lowest point 0.7040. If yes, then we shall take a long position and take profit at 0.72020.