The AUDUSD has been stuck in a range but may be ready to rally

AUDUSD Analysis

 

AUDUSD

The Aussie has been stuck between 0.7475 and 0.7340 capped by trade war concerns and a stronger USD. We see the potential for selling pressure to come back into the USD and squeeze the Aussie dollar higher as sellers are forced to close positions. Watching now for a higher low to build for a buy setup opportunity.

 

Commodity : AUDUSD

Current Price : 0.7408

Status : On watch for potential reaction up off the 0.7340 zone