SIGNAL TERMINATED – AUD/USD LONG – TAKE PROFIT
Capital Analysis are closing the short-term long analysis from 11/5/2020 of the AUD/USD currency pair with more than a 15% appreciation from the investment in the margin. They continue to monitor the market and prepare other eventualities.
ORIGINAL TEXT: AUD/USD Long. The Australian dollar ended the downward trend and confirmed its strength for further growth. Australia and New Zealand are probably the most successful fighters with Covid19. The market has been in an uptrend since March this year and has only slightly corrected for the last two months. And that is, according to technical analyzes and fundaments, over. The potential of the trend is resistance up to 0.75 points.
Graph source: WebTrader