AUDUSD is Bullish
Price was in a strong downtrend, however a bullish divergence and a double bottom formation has emerged on four hourly chart, hinting the control of bulls. If the descending trendline is broken successfully, then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
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.