I see AUDUSD pair heading for a well tested zone (0.72661), a level I have indicated. The orange arrow is showing the current direction of the pair, the direction the market had already been headed towards the close of last weeks' weekly weekend holiday. And this week, by my analysis, I see the market reaching 0.72661 before a change in direction in favour of a bullish trend to the level 0.73632. however, this analysis took place on the 1hour timeframe (they was, of course, an overview analysis from monthly down all the way to 15min time frame, and this is what I saw) , which means, it will be filled with strong Buy opportunities for those who scalp the market.
But if you look at the market from a 4hour chart, you will notice two more key levels in favour of a bearish market, level 0.71683 and finally 0.70090, so I advise anyone who will consider this analysis to keep an open mind for the continuation of the bearish trend to a zone holding level 0.70090. Which will also mean that there will be strong sell opportunities for market scalpers.
Your input on this analysis is welcome and will be highly appreciated.
Thank you and happy trading.
AUDUSD
But if you look at the market from a 4hour chart, you will notice two more key levels in favour of a bearish market, level 0.71683 and finally 0.70090, so I advise anyone who will consider this analysis to keep an open mind for the continuation of the bearish trend to a zone holding level 0.70090. Which will also mean that there will be strong sell opportunities for market scalpers.
Your input on this analysis is welcome and will be highly appreciated.
Thank you and happy trading.
AUDUSD