DogeBuffet

AUDUSD - Another pair that has arrived at the crossroads

FX:AUDUSD   Australian Dollar/U.S. Dollar
171 2 6
This pair has come to a very big trend deciding step. The historic resistance/support area at the 0.88 - 0.89 area is a very important and dominant one. The next 1-3 days should show clearly which path it will go depending on where the closes are on this area.
If it fails to break the resistance this time (triple top) the target at 0.868 would only be the first step, lower lows are possible from here.
The bullish scenario would give me a primary target at 0.89 - 0.90.

Definitly keep an eye on it since these are the trades with the best risk/reward ratio, right after a important support/resistance breach!

-DogeBuffet
That structure up there went all: 'hell no, you ain't passing through'
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DogeBuffet IvanLabrie
2 years ago
The big bad resistance ;)
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