AUD/USD Time for a Retracement
🔸DAILY CHART ANALYSIS:
.
.
🔸Price broke the Descending Trendline.
.
🔸Now, it is facing the Resistance Zone.
.
🔸We consider that it has potential to make a short term downside move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
.
.
🔸Price broke the Descending Trendline.
.
🔸Now, it is facing the Resistance Zone.
.
🔸We consider that it has potential to make a short term downside move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
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.