AUD / USD BUY

11 Jun 2019

here as we can see that AUD has gained strength and broke from a downward momentum trend, to upward momentum movement. once breaking through the prior downward angled trend line it has risen to 0.70054 and has created support by double toping as a sign of confirmation. then price has retraced downwards to the 0.5 fib level, now showing small signs of consolidation to potentially start gaining strength and once again moving back to the upside. with the RSI at 46 and with low crossing stochastics, this shows a good area to look for a buy, for price to hopefully move into new territory.