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InvestMate
Mar 5, 2023 12:03 AM

🦘 AUD/USD Continuation of Growth 🦘 Long

Australian Dollar/U.S. DollarFXCM

Description

🦘 AUD/USD Continuation of Growth

🦘 Nearest strong support zone: around the recent lows.

🦘 Nearest strong resistance zone: around the fibo 0.5 level of the downward wave.

🦘 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Downtrend

📊 RSI: Uptrend (divergence)

📈 The scenario I am playing is the continuation of the uptrend. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, In case of a change in outlook I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.

🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀
Comments
JoeChampion
I agree on USD weakness over commodities, keep it up Pal!
invizible32024
amazing analysis, thank you
InvestMate
Do you agree with my scenario?
RBrake
@InvestMate Long term yes, Short term, no, still more to go down but nice analysis.
InvestMate
@RBrake, Thanks!
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