Price has reached a long-term trendline and right now it is consolidating below it in a bullish flag pattern. This means that we might see a bullish run for the Aussie, unless major US news positive for the Dollar make the price melt.
That's a conservative trading setup as it's against my weekly bias for the USD, but we trade what we see so... here you are! Good luck!
That's a conservative trading setup as it's against my weekly bias for the USD, but we trade what we see so... here you are! Good luck!
Note
4H outlook of the price movement Order cancelled
Flag broke to the negative direction. Trade setup invalid.
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Related publications
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.