Break and retest of Trendline

The Last 3 Trading Days of AUDUSD has shown strong bullish Momentum. AUDUSD just broke this bullish Trend and retested its Trendline.

In the newest COT from the 26.05.2020 we can see 66,068 Non Commercial shorts and 25,530 longs, which is with 72,13% shorts very bearish at the Moment.

Lets see how this will play out have a nice day ;)