AUDUSD after a strong bearish trend found support at horizontal zone. The price pulled back to 0.50 fib level of recent overall bearish trend. Now it has broken the rising support. The price is retesting the resistance level. So bearish candles formation near the resistance resistance will confirm the trend reversal.
We are watching out the same zone and upon confirmation a short position can be taken. While bulls will be only in control above the break of resistance zone.
Trade your levels accordingly.
We are watching out the same zone and upon confirmation a short position can be taken. While bulls will be only in control above the break of resistance zone.
Trade your levels accordingly.
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