Trading Ideas in the pair AUDUSD on 10/29/2018
AUDUSD The pair halted its decline around the level of 0.70200. AUD looks oversold short-term and there is a high probability of correction from the last price reduction. The lull in the development of a trade war between the US and China on the eve of the US presidential elections in Parliament can also contribute to the growth of prices in the pair.
AUDUSD open to open long positions on BUY level: 0.70800 - 0.71000.
Stop / Loss: 0,71370.
Take / Profit: 0,71600 - 0,73000.
Author: Michael Katchura