AUDUSD bounce or die
Updated
Trading inside an uptrend channel but already below some EMAs and lacking strength to bounche it looks like we are going to keep falling to 0.746x area where EMA 200 is located as well.
Considering the run of the USD and its recovering economy it looks that shorts are appropriate once the confirm the downtrend channel.
Considering the run of the USD and its recovering economy it looks that shorts are appropriate once the confirm the downtrend channel.
Trade active
And it bounced from the support lower trendline BUT I am not confident that will resume the uptrend at this moment. I'm more inclined to a breakout. Awaiting the right spot to open short positions.
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.