AUDUSD - Falling within Falling Channel (Top of 1-Month Range)
Since the price has broken below a weekly rising trendline, AUDUSD has embarked on a bearish trend.
The pair has been trading within a range below 0.75 for more than a month.
As seen, the price was resisted near the top of the range and is falling from the top of a falling channel.
If the price were to retrace to 0.74, that will be a very good price to sell again.
And also, Aussie has been the weakest one so far since the beginning of this trading week.
The pair has been trading within a range below 0.75 for more than a month.
As seen, the price was resisted near the top of the range and is falling from the top of a falling channel.
If the price were to retrace to 0.74, that will be a very good price to sell again.
And also, Aussie has been the weakest one so far since the beginning of this trading week.