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Xpressforex
Feb 6, 2020 5:34 PM

Will AUDUSD break the 4 Hour trend line? 

Australian Dollar/U.S. DollarFXCM

Description

I have been analysing AUDUSD and waiting to see if price will break the downward trend line. If we see a break of the trendline we will look for a Long position and ride the trade until we approach the golden zone on the Fibb chart. The Stochastic Indicator along with the RSI is indicating the markets have been over Sold and we should see a correction. Who else agrees?
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