FOREXEL

AUDUSD - Will we have a double bottom retracement on the weekly

Long
FX:AUDUSD   Dollaro australiano / Dollaro
8
We all know that the Aussie have been selling off big time lately and took another nose dive after the last NFP. There is still a lot of room to the downside on the monthly chart but right now we see a double bottom where the Aussie have pulled back in the past. It is always tricky to dare to enter pull back trades in situations like we have now with a 4 year record high USD Index. But the techs is often right as well so worth to keep an eye imho. Happy trading
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