AUDUSD LONG
AUD/USD ends of the trading week near to 0.7260 level area. The pair continues to move within the correction and the downward channel which indicates still bearish trend. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7385. Then, the rebound and the continuation of the fall in AUD/USD with a potential target around 0.5560.. i am still bearish intact for this pair
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.