hello steemians?
First start with some important news release of the Reserve Bank of Australia interest rate decision this is importat news for currency aud/usd
as we some some downtrend in aud/usd in the chart and it look ike downside is going to be continue then look for the selling to extend into the December 8 main bottom at .7501.
Now at the technical chart I hope we see in near future a technical bounce on the first test of .7501. This is likely to be profit-taking. If the move attracts enough interest then look for the start of a short-covering rally
the AUD/USD is on the direction the re] of the session is likely to be determined by trader reaction to the main bottom at .7501.
finally If the move is strong enough to overtake yesterday’s close at .7529 then we could see a closing price reversal bottom.
Note i am not financial advisior so investing risk and decision is your this is only for information purpose .
