AUDUSD_ forecast
Aussie is located at the moment in a demand area, namely within our dark green rectangle.
The support upward trend line with an angle of 20^o has been broken at about 0.7570, anyway the current price at 1Month chart is still supported by the downward support trend line in yellow.
Some scenarios for Aussie :
1. Wait and
Buy@0.70200, if the D1 candles closed above 0.7000
T/p@0.7780
S/l@0.6945
2. Buy/sell according to our call out above.
Trade well!
Makkaba team
Aussie is located at the moment in a demand area, namely within our dark green rectangle.
The support upward trend line with an angle of 20^o has been broken at about 0.7570, anyway the current price at 1Month chart is still supported by the downward support trend line in yellow.
Some scenarios for Aussie :
1. Wait and
Buy@0.70200, if the D1 candles closed above 0.7000
T/p@0.7780
S/l@0.6945
2. Buy/sell according to our call out above.
Trade well!
Makkaba team