AUDUSD seems to be building strength off the weekly support level and has been in consolidation for the last few weeks.
We will stay on the sidelines for now and watch for any clear breakouts of consolidation before getting into any trades.
At this stage it looks likely to break to the upside, but we won’t be bullish until it breaks through the the trend line.
We will stay on the sidelines for now and watch for any clear breakouts of consolidation before getting into any trades.
At this stage it looks likely to break to the upside, but we won’t be bullish until it breaks through the the trend line.