Will AUDUSD BREAK SUPPORT? Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Oct 9, 2019 2:07 PM

AUDUSD broke a level of structure/previous low back in early August. Price pushed back into that price creating a lower high.

Price struggled once reaching new support/low again, however on the lower time frame you can see price slowly transitioning to the down side.

Comments

UnknownUnicorn891995

⋅ Oct 10, 2019 3:41 PM

Absolutely. I think AU will be riding the overall bearish market for a good min before we see a turnover. But I’m curious on how it will come out before the year is over with.