AUDUSD pair is currently trading at levels that were support from August 2019 until finally broken in February 2020. We retested this zone in March 2020 and then fell down. We are finally back at the crossroad and we're looking into price action to see what will happen next.
Most likely scenario is that we will reject this zone once again and go lower, but if we break and confirm the breakout by retesting the zone we could go higher. We'll be keeping an eye to see how things will evolve and update when we have nice setup.
Most likely scenario is that we will reject this zone once again and go lower, but if we break and confirm the breakout by retesting the zone we could go higher. We'll be keeping an eye to see how things will evolve and update when we have nice setup.