4-hour chart shows a test of the uptrend line, confirmed with multiple touches. RSI shows price being exhausted. We could see the start of the reverse pattern forming here. A break of the trend line and close below the 0.77 and 50SMA could signal a sell, depending on how much confirmation is required.
On the fundamental side, other FX charts show USD potentially picking, possibly waiting for Biden to take office later this month.
Please support the idea and share your thoughts on AUDUSD!
Good Luck and Stay Healthy!
On the fundamental side, other FX charts show USD potentially picking, possibly waiting for Biden to take office later this month.
Please support the idea and share your thoughts on AUDUSD!
Good Luck and Stay Healthy!