AUDUSD > 10/15-20/17 Trade Analysis
Timeframe: 1W
Accomplished firm break and hold above key resistance level 0.78200 and closed above key barrier @ 0.78740 signaling trend reversal with further strength in Bullish trend.
Holding above key barrier possible signal further rise to 0.79170 level with break above pushing further to 0.79290 - 0.79370 levels.
Very strong resistance located at 0.80000 level.
See only a firm break and hold back below 0.78200 possible bring bearish trend back into play to lead first to 0.7730/27 levels with continuance to lower levels, but in longer term.
High volatily expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1W
Accomplished firm break and hold above key resistance level 0.78200 and closed above key barrier @ 0.78740 signaling trend reversal with further strength in Bullish trend.
Holding above key barrier possible signal further rise to 0.79170 level with break above pushing further to 0.79290 - 0.79370 levels.
Very strong resistance located at 0.80000 level.
See only a firm break and hold back below 0.78200 possible bring bearish trend back into play to lead first to 0.7730/27 levels with continuance to lower levels, but in longer term.
High volatily expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.