Hi traders,
The AUDUSD seems like it is in a consolidation phase, and not a ranging asset. Because, price is quite choppy and not waving; the main reason being the US-china news being sporadic. The Stochastic showing the chop too.
For the AUDUSD I would sit out of it unless we break 67800, looking for bearish plays. And 68300 looking for bullish plays.
King regards,
Aardall
The AUDUSD seems like it is in a consolidation phase, and not a ranging asset. Because, price is quite choppy and not waving; the main reason being the US-china news being sporadic. The Stochastic showing the chop too.
For the AUDUSD I would sit out of it unless we break 67800, looking for bearish plays. And 68300 looking for bullish plays.
King regards,
Aardall