AUDUSD Long Term Analysis
Currently moving in a downside red channel
Wait for any bullish move as the pair is currently near the support of the reddish down channel
The breakout of the reddish channel to the downside would cause to pair to further move down to the green support line
The breakout of the reddish channel to the upside would cause to pair to further move up to the dotted red resistance line
The Breakout of the green line to the downside would give rise to more fall , which will be a strong bearish move
The pair is moving in a longterm yearly red down channel
Wait for any bullish move as the pair is currently near the support of the reddish down channel
The breakout of the reddish channel to the downside would cause to pair to further move down to the green support line
The breakout of the reddish channel to the upside would cause to pair to further move up to the dotted red resistance line
The Breakout of the green line to the downside would give rise to more fall , which will be a strong bearish move
The pair is moving in a longterm yearly red down channel
Trade closed: target reached
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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.
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.