AUDUSD complete analysis (Part-1)
AUDUSD complete analysis (Part-1)
1. Trend Line has been pushing the price down
2. The 0.67324 level is acting as strong support and has not let new "lower low close" to be formed. Which indicates that a trend shift may start.
3. The last impulse leg made a Higher High Close indicating a possible upcoming uptrend.
4. The price is going down again. We need to see if it fails to create a new Lower Low Close which will reconfirm the support.
1. Trend Line has been pushing the price down
2. The 0.67324 level is acting as strong support and has not let new "lower low close" to be formed. Which indicates that a trend shift may start.
3. The last impulse leg made a Higher High Close indicating a possible upcoming uptrend.
4. The price is going down again. We need to see if it fails to create a new Lower Low Close which will reconfirm the support.
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