FX:AUDUSD   Australian Dollar / U.S. Dollar
Possible bearish movement of the pair. Price is currently in a trading zone with significant volume, with rejections at the top of the price just near the 55 period EMA, which is essential in my strategy for analysis of possible trend continuations; despite being slightly on top of it, it won't be apt to say it's a turnaround just yet. We also see significant development in the Squeeze momentum indicator and MACD histogram monitors, with directionality changes to bearish confirmed. We see the adjoining ADX indicator enter below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher, as it bounced towards the 55 period EMA, to continue falling as indicated by the movements. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend or at least a bounce to the 55 period EMA from the top to in this case, give validity to a possible change in trend which is given by maintaining the interest of the buyers in the zone.

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