I was asked a lot during this morning about AUDUSD future market direction for this week.
for now, it is quite complicated to say exactly.
* from a bullish perspective, the pair has just reached 0.68 key structure support level. and after a strong selling reaction from 0.69 it can retrace with a high degree of chance. * from a bearish perspective, the market has retraced to 0.682 strong level of resistance + has just touched a minor falling trendline
for confirmation of a market further direction pay close attention to 0.68 - 0.682 range, the side of the breakout will determine the market further direction.
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