AU has been in a ranging condition since January 2021, bouncing back & forth between the 0.7814 & 0.7630 S&R zones. In today's trading session, I will remain neutral bias. Two scenarios that I am looking at
1. Until we get a clear upwards breakout of the 0.7820 resistance zone, avoid chasing the buys
2. If price again rejects the 0.7820 resistance zone, that could send AU back within the current wide range.
The higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Until we get a clear upwards breakout of the 0.7820 resistance zone, avoid chasing the buys
2. If price again rejects the 0.7820 resistance zone, that could send AU back within the current wide range.
The higher timeframe picture remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.