OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Overall, the AUD/USD is been ranging since the beginning of the month between the support and resistance .

At the moment, the price is approaching a major support which could be respected making the price move up back to the resistance. NOTE: Wait for confirmation.

If the price breaks 0.766 level, it can start a new downtrend and this analysis will be invalid.

If you have a different view, please share, I would love to hear your analysis.

Comments

Majestic thoughts, thank you for sharing
+1 Reply
Dana16 abel11
@abel11, thank you for the kind words!
Reply
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