AUDUSD broke above the old strong downtrend line that the market has already hit over 5 times, now the market broke and came back to the backside of it, the market already kept going down for 7 days in a raw which makes it a great low price for a buying opportunity plus the market is near the up trend line.
What We Have:
- Backside of Old Downtrend line - Low Price - Up Trend Line