In yesterday's analysis, I talked about the potential downwards breakout of the 0.7711 minor support zone, which was exactly what the market performed. In today's analysis, I will remain neutral bias. Two scenarios that I am looking at
1. If AU rejects off the current 0.7595 key support zone again, that could send AU back upwards continuing it's sideway condition (Bullish)
2. If the 0.7595 support zone is broken, that could expose 0.7510 as the nearest support zone (Bearish)
Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.
1. If AU rejects off the current 0.7595 key support zone again, that could send AU back upwards continuing it's sideway condition (Bullish)
2. If the 0.7595 support zone is broken, that could expose 0.7510 as the nearest support zone (Bearish)
Trade safe and be flexible.
Do follow my profile for daily fx forecast & educational content.