AUDUSD - Resistance or Break?
Hi all!
I got a very interesting chart for you today on AUDUSD.
There have been a bullish price action from the AUDUSD these last two days and it is now moving towards a resistance, 0.382 fib and resistance from the downward channel. Gotta love combos, right?
I currently have a bullish outlook on USD these days, so I am leaning towards a strong resistance and a continuation of the downward channel.
So lets see how it reacts before taking a position.
I got a very interesting chart for you today on AUDUSD.
There have been a bullish price action from the AUDUSD these last two days and it is now moving towards a resistance, 0.382 fib and resistance from the downward channel. Gotta love combos, right?
I currently have a bullish outlook on USD these days, so I am leaning towards a strong resistance and a continuation of the downward channel.
So lets see how it reacts before taking a position.
Note
Got a big move these last two days and analysts says this is profit taking. Pair seems to be strugling breaking 0.73 so taking a short position @0.7299
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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.