AudUsd- Reversal underway?
In mid-August, AudUsd started to rise and correct the down move, and at the beginning of September, a new leg down took place.
However, this new leg down couldn't make a new low, but a higher low instead which puts under question the medium-term downtrend.
The last breakdown has proven to be a false one and AudUsd quickly recovered losses.
At this point, the chart structure is very constructive and indicates bullish momentum for the coming days.
I will look to buy dips for a break of 0.73 resistance and continuation to very important 0.75 zone
However, this new leg down couldn't make a new low, but a higher low instead which puts under question the medium-term downtrend.
The last breakdown has proven to be a false one and AudUsd quickly recovered losses.
At this point, the chart structure is very constructive and indicates bullish momentum for the coming days.
I will look to buy dips for a break of 0.73 resistance and continuation to very important 0.75 zone
Note
NFP can give us a decisive break up
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.