AUDUSD daily timeframe:
The pair has been in a downtrend for a month and early this week has bounced from the weekly support zone
.
We expect a daily corrective move and another impulse to the upside next week.
AUDUSD 4-hour timeframe:
On the lower timeframe, the pair broke the 4-hour down-trendline and we have two scenarios:
1.Another move to support line, a break of the bullish flag and a retest, then an impulse to the upside;
2.A move to the 4-hour support zone and 0.5 fibonacci level then an impulse to the upside.
.
We will post an update later.
The pair has been in a downtrend for a month and early this week has bounced from the weekly support zone
.
We expect a daily corrective move and another impulse to the upside next week.
AUDUSD 4-hour timeframe:
On the lower timeframe, the pair broke the 4-hour down-trendline and we have two scenarios:
1.Another move to support line, a break of the bullish flag and a retest, then an impulse to the upside;
2.A move to the 4-hour support zone and 0.5 fibonacci level then an impulse to the upside.
.
We will post an update later.
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.
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.