AUD/USD will be an interesting pair to watch next week as the prices edges towards to the weekly trend line which price has been respecting for around 8 weeks now. The weekly candle is a bullish engulfing which shows that a lot of bulls have entered the market so it either go 2 ways. Price with either respect the trend line and start moving to the downside or it'll break the trend line, re test then go long.
The trend line also lines up with the 61.8% fib for an extra confluence so I will be awaiting price action to show me the way!
thanks
The trend line also lines up with the 61.8% fib for an extra confluence so I will be awaiting price action to show me the way!
thanks