AUDUSD pair price is moving down in a descending channel . Now the price is testing a strong support zone coming from below. We may see the price moving higher again as after the retest of the support line it created a small pin bar candle. Actually, the price broke out of the Friday high and it is keeping the bullish momentum.
Long bias invalidated when price trading below 0.7120
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Long bias invalidated when price trading below 0.7120
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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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.