Ardy

AUDUSD - Weekly TF Chart Analysis

FX:AUDUSD   Australian Dollar/U.S. Dollar
97 0 0
On the weekly chart, we can see that the weekly candle is a doji . This shows indecision and we might see the pair going lower this week back to 0.90 before a possible rebound back up.

Stochastics is in oversold region and the RSI shows the pair trying to recover from lows.

I am still bearish on this pair and view any up move as a retracement with 0.937 (23.6% Fib level) seen as a possible supply area.
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