AUD is in bearish trend since 1972...now it broke out of a small bullish mini channel and is going to test its former support, now a resistance. Expect a bearish rally after it reaches the trendline / 200 EMA. At the moment, just for some days, you can go long on AUD pairs (where AUD is a base currency) short where AUD is quote currency as GBPAUD. But keep in mind where the other currency in the pair is going too.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.