MohamedMagdy

AUDUSD Long Term Analysis

MohamedMagdy Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Currently moving in a downside red channel
Wait for any bullish move as the pair is currently near the support of the reddish down channel

The breakout of the reddish channel to the downside would cause to pair to further move down to the green support line
The breakout of the reddish channel to the upside would cause to pair to further move up to the dotted red resistance line

The Breakout of the green line to the downside would give rise to more fall , which will be a strong bearish move

The pair is moving in a longterm yearly red down channel
Trade closed: target reached
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