AUD/USD analysis for November 05, 2018

Trading 05 nov 2018 Donner votre avis

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Recently, the AUD/USD pair has been trading sideways at the price of 0.7195. Anyway, according to the M15 time – frame, I have found a potential end of the upward correction (regular flat abc), which is a sign that buying looks risky. The short- term trend is bearish and my advice is to watch for selling opportunities. The downward targets are set at the price of 0.7182 and at the price of 0.7122.

The material has been provided by InstaForex Company - www.instaforex.com

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