AUD/USD - Upper trend channel resistance met, back down to supp?
- AUD/USD has touched the upper ascending trend-channel resistance
- Could lead to a move lower to retest previous structure supp/res + lower trend-line supp
- Could equally break higher on the back of USD weakness at the moment
_ Watch for rejection of the upper trend-line to establish short back to trend-line supp
- OR watch for a break above channel resistance to establish a long position
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Could lead to a move lower to retest previous structure supp/res + lower trend-line supp
- Could equally break higher on the back of USD weakness at the moment
_ Watch for rejection of the upper trend-line to establish short back to trend-line supp
- OR watch for a break above channel resistance to establish a long position
THIS IS NOT TRADE ADVICE NOR A TRADE CALL