Aussie Dollar to close the week lower
Updated
AUDUSD This upcoming week of Aussie Dollar, via my analysis, price will continue the trend and trade lower. Current price is in a consolidation right after great selling momentum. Two thing happen from here and its simple: Price trades above or Price trades below.
Via my analysis, price could trade above the consolidation and come back to reject the downtrend line. If price continues to buy and trades higher than the downward trendline, there is a light trendline above it. This trendline has been rejected, broken, and could possibly be retested for the selling momentum.
On the contrary, if price begin to sell below the consolidation this is the continuation of trend.
#AUDUSD #USD
Note
The Aussie Dollar closed higher for the week. On the other hand, price did in fact buy above the consolidation. Keeping in mind of news related events.
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