Hello everyone
AUDUSD started a uptrend in march
and it seems that price was in a wedge going in a uptrend
Now price has broken the wedge and found support in a previous Resistance which turned support ( blue trend line )
Price might come back to retest the broken wedge and from there we will see if price will drop or continue the uptrend
Watch chart key notes for more detail
Daily close below the blue trend line we are dropping to demand zone 2
feel free to ask any question :)
AUDUSD started a uptrend in march
and it seems that price was in a wedge going in a uptrend
Now price has broken the wedge and found support in a previous Resistance which turned support ( blue trend line )
Price might come back to retest the broken wedge and from there we will see if price will drop or continue the uptrend
Watch chart key notes for more detail
Daily close below the blue trend line we are dropping to demand zone 2
feel free to ask any question :)
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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.