AUDUSD..Ready for another leg up???
Weekly:
-HA osc has bullish cross over 0
-Green doji HA candle
-EWO divergence on lower low
Daily:
-Bullish HA osc
-HA meeting first resistance at 100 wma and Tenkan
-Ichimoku set up is neutral
4H:
-200 sma providing resistance
-Above Kijun and 100 wma
-EWO bullish with higher highs on price
There is also head and shoulder pattern and we closed above last week.Prices currently testing the neckline and HA slowdown in momentum . HA has bullish cross but still below 0. It is in rising channel. Are we done here or we need more consolidation before higher?? RBA is tomorrow . That might be key for next move but my outlook is ST bullish here. CS is above price and confirming momentum.
-HA osc has bullish cross over 0
-Green doji HA candle
-EWO divergence on lower low
Daily:
-Bullish HA osc
-HA meeting first resistance at 100 wma and Tenkan
-Ichimoku set up is neutral
4H:
-200 sma providing resistance
-Above Kijun and 100 wma
-EWO bullish with higher highs on price
There is also head and shoulder pattern and we closed above last week.Prices currently testing the neckline and HA slowdown in momentum . HA has bullish cross but still below 0. It is in rising channel. Are we done here or we need more consolidation before higher?? RBA is tomorrow . That might be key for next move but my outlook is ST bullish here. CS is above price and confirming momentum.