The Australian dollar showed an upward correction of the price on Friday. The move was on large volume, but smooth we should note the presence of the local downtrend and the exit of the pair from the consolidation. Given all these factors, we should give advantage to short positions. We can enter the market after a resumption of the fall of the price. A stop loss should be place above the level 0.7720. A potential of the deal is 70-80 points.
The bottom line: short positions are in priority.
The bottom line: short positions are in priority.