TheTradersAvenue

AUDUSD > Is the Uptrend Over, Are We Moving Down from Here!?

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Truly appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you.

Analysis of #AUDUSD

Hello friends.

So if you have seen my previous posts on EURUSD and GBPUSD, i expected a somewhat weak dollar, well, this setup here might say different things, and here is why!

The market broke its trendline support and making a retest to its resistance trendline which before it was a support trendline, also guys it is a resistance level.

it is premature to think of selling the Ausie, it might sure go down, but it will be support near 0.7700, but id the market closes below 0.7564 i will sure be tempting for a sell trade

Do not forget the FED next week and do not over risk, there always the next trade to come. Live to fight another day

let me know in the comment what pair you want to see the analysis for in my next free analysis

Safe trading everyone

Check today analysis below⠀

_____________________________________________________________________________⠀
-Disclaimer: this information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and i have no reason to act on it and neither should you

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.