Today i spend some time to analysis on AUDUSD. Here's my analysis:
1) the current bearish condition already oversold, so the retreat would be around 0.76 before continue it's down trend.
2) I would suggest for the retrachment at 0.76 for better entry in this trade. It might be doubletop to retest the major resistance.
As always, stay safe and happy trading! :D
1) the current bearish condition already oversold, so the retreat would be around 0.76 before continue it's down trend.
2) I would suggest for the retrachment at 0.76 for better entry in this trade. It might be doubletop to retest the major resistance.
As always, stay safe and happy trading! :D