With the approaching of the Christmas the signal that AUD will be stronger has not been changed &nbsp;and I believe that it starts to step out the current contraction rectangle and a typical 'inverted V' shape is about to emerge. In this regard, on a daily basis it is a good opportunity for me to enter at the top of the rectangle in terms of risk aversion and expect the next contraction zone &nbsp;at 1.06334 as my short-term first target.
Strategy:
Entry level: 1.04806
T/P:1.06344
S/P:1.03965

An 'inverted V' has emerged

Dec 01 2020

Take Profit +1.46%

Holding time 0hr

1.04810

Entry price

1.06340

Take profit price

2