AUD/USD Long
AU has been respecting a very nice chart pattern as well- this one being a wedge pattern. This is a falling wedge within a downtrend, which is a bullish trend reversal pattern. Essentially, I anticipate another lower move this week before breaking the pattern to the upside and heading back to .7100 resistance and weekly trend-line. This next move lower would take us back down to retest very strong weekly support at .7000- where there are many buyers waiting to enter the market and push this pair higher.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.