AUD is forming a bear flag following the recent downward move, and is now approaching a resistance zone.
I expect AUD to be capped by the median line of the main channel and to target the lower band of the channel.
Watch for reaction between 0.7585-0.7620.
Conservative entry: wait for price to enter the resistance zone first and trigger trade once price < 0.7585 again.
I expect AUD to be capped by the median line of the main channel and to target the lower band of the channel.
Watch for reaction between 0.7585-0.7620.
Conservative entry: wait for price to enter the resistance zone first and trigger trade once price < 0.7585 again.
Comment:
take profits - seems we may have a reversal from here (0.7505)