IS AUDUSD forming a medium-term bottom?
After a prolonged decline from 1.08 it looks that AUDUSD is trying to find a medium-term bottom.
Does it also a correlate with XAUUSD which is also trying to stablizes after 3 years decline?! A break out of descending triangle would confirm the existance of a medium-term bottom.
This is not a trading signal, and we need to look also at the weekly time-frame to get better price objective. (see related link).
Does it also a correlate with XAUUSD which is also trying to stablizes after 3 years decline?! A break out of descending triangle would confirm the existance of a medium-term bottom.
This is not a trading signal, and we need to look also at the weekly time-frame to get better price objective. (see related link).
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