AUD/USD not looking bearish as everyone is saying!
Everyone on Twitter and many other website is calling AUD/USD bearish because he broke the yearly low BUT they are not looking the big picture, which in this case Monthly chart.
Looking this monthly chart, we can see that he looks that he is in a descending channel, which is very clear. Also 0.50% is at 0.8535 and also a trend line. Last month candlestick does not look bearish 100% but a little signal to be careful.
However, I am not saying to buy like crazy! I am just saying to be careful especially seeing the price action today (going above the broken level).
More information, follow me on Twitter: @thiagotrader
Looking this monthly chart, we can see that he looks that he is in a descending channel, which is very clear. Also 0.50% is at 0.8535 and also a trend line. Last month candlestick does not look bearish 100% but a little signal to be careful.
However, I am not saying to buy like crazy! I am just saying to be careful especially seeing the price action today (going above the broken level).
More information, follow me on Twitter: @thiagotrader
