Overall, the AUD/USD is been ranging since the beginning of the month between the support and resistance.
At the moment, the price is approaching a major support which could be respected making the price move up back to the resistance. NOTE: Wait for confirmation.
If the price breaks 0.766 level, it can start a new downtrend and this analysis will be invalid.
If you have a different view, please share, I would love to hear your analysis.
At the moment, the price is approaching a major support which could be respected making the price move up back to the resistance. NOTE: Wait for confirmation.
If the price breaks 0.766 level, it can start a new downtrend and this analysis will be invalid.
If you have a different view, please share, I would love to hear your analysis.