After the second top at 0.7150 at the beginning of the month, AudUsd dropped hard area and reached 0.6850 in just 3 days.
A recovery followed, but we can see that this rise lacks impulse, is corrective in nature, and is, in fact, a flag pattern.
Rallies above 0.7 are also clearly sold so, I expect a new leg down from AudUsd.
The target for this drop is the 0.67 zone and this bearish scenario is negated by clear buying power above 0.7
A recovery followed, but we can see that this rise lacks impulse, is corrective in nature, and is, in fact, a flag pattern.
Rallies above 0.7 are also clearly sold so, I expect a new leg down from AudUsd.
The target for this drop is the 0.67 zone and this bearish scenario is negated by clear buying power above 0.7
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🌟 Premium Contact:
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