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ThinkingAntsOk

AUD/USD on a Reversal Zone by ThinkingAntsOk

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ThinkingAntsOk  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud USD AUDUSD LONG view analysis setup
9
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trendanalysis supportandresistance mtfa aud usd audusd long view analysis setup
DAILY CHART EXPLANATION:

🔸 "AUD/USD On the Reversal Zone":
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🔸 Price has been on a downtrend for more than two years.
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🔸 It is now facing the bottom of the Descending Channel, which is a reversal level.
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🔸 Be careful, we are considering this level as a rejection zone but just for a retracement of the downtrend, this is not a trend change.
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🔸 Will look for a lower timeframe bullish setup.


🔸4H CHART ANALYSIS:

snapshot


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