AUDUSD - Weekly and daily uptrend
The weekly chart shows an uptrend, with price above a rising EMA Wave. Not much to say.
On the daily chart, a class A bearish divergence turned this pair down to value, where it stalled for a couple of days, after the terrible inflation report from Australia. Today, price rejected value sharply, ending the divergence, and turning the impulse green.
First target just below 0.79. Stop below the swing low.
On the daily chart, a class A bearish divergence turned this pair down to value, where it stalled for a couple of days, after the terrible inflation report from Australia. Today, price rejected value sharply, ending the divergence, and turning the impulse green.
First target just below 0.79. Stop below the swing low.
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.