AUDSGD has been trading in a range since mid-August. Price not only broke above the upper range boundary but it also remained closed above it in today's session close.As long as price remains above this breakout level at 0.8765, a structural reversal is underway. Since this breakout move and how it closed off, I remain bullish with an upwards directional bias for the time being.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.