ReverieTrader

SHORT AUDSGD

Short
OANDA:AUDSGD   AUD/SGD
The pair is trading near a key area and I believe it will breakout. Currently, this pair is below the MA and is bearish, coupled with gold (Strong correlation with AUD) entering into a bearish condition, I can foresee this pair attempting to trend upwards and then breaking out. This setup gives us a good RTR.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.