AUDUSD (20210117)
Updated
Monthly Chart:
It has come to a monthly resistance zone where the price is being hammered.
Weekly Chart:
Formation of resistance at the resistance area.
Daily Chart:
Price consolidation is ongoing. There is no clue where it will go after this.
But the overall trend of bullish has been formed.
4H Chart:
Let's wait for the 4H chart to form another lower high and maybe will take off after to go higher high after that.
It has come to a monthly resistance zone where the price is being hammered.
Weekly Chart:
Formation of resistance at the resistance area.
Daily Chart:
Price consolidation is ongoing. There is no clue where it will go after this.
But the overall trend of bullish has been formed.
4H Chart:
Let's wait for the 4H chart to form another lower high and maybe will take off after to go higher high after that.
Comment
Daily chart shows that the price is moving up today.
Is the lower high formed and the bullish will continue?
Let's wait for price confirmation.
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