AUD/USD: Bearish Trends and Potential Weekly Reversal
Updated
Hello Everyone,
The recent week has presented considerable difficulties for AUD/USD. The current trend is distinctly bearish, and unless there's a successful closure above the daily Pivot Point with sustained presence, it appears that we might see a test of monthly support levels, extending potentially to yearly support. Only time will reveal the market's direction. Presently, our analysis suggests a potential turnaround on a weekly timeframe in the near future.
TradeWithTheTrend3344
The recent week has presented considerable difficulties for AUD/USD. The current trend is distinctly bearish, and unless there's a successful closure above the daily Pivot Point with sustained presence, it appears that we might see a test of monthly support levels, extending potentially to yearly support. Only time will reveal the market's direction. Presently, our analysis suggests a potential turnaround on a weekly timeframe in the near future.
TradeWithTheTrend3344
Note
This analysis remains relevant for the current week.
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