Invezted

Aud/Usd Weekly Market outlook

FX:AUDUSD   Australian Dollar/U.S. Dollar
165 1 3
Contex:



this pair remains in its current downchannel , and from its oversold condsition we found support
whereas the rallie brought us at the mean of the channel where we currently reside , we had a rejection
at the mean for now , and it depends if this rejection is accompanied by a lower high to speak of weakness
returning , thus far we are still in a rallie attempt to take out the mean ...

signs of strenght:
support at oversold condistion
broken resistance

signs of weakness:
downtrend
rejection of mean
Nice chart. implementing mean into the picture.
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