Failed divergence at major support level.
Last time AUD/USD traded into 0.694, price started a major rally. As of now, the reversal did not occur and price is making another run into the support level. A break below could squeeze longs.
We are neutral until we make a new attempt to break the support level.
We are neutral until we make a new attempt to break the support level.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog