AUDUSD: Weekly downtrend expired, daily basing...

We have a daily signal forming here, after the weekly trend expired in this pair. If price holds the recent bottom, we may soon start an uptrend which will give us a few trading opportunities to benefit from between now and the end of November. A rally back to resistance is what the chart implies, best case scenario for the bulls...worst case is we remain in a sideways grind and create multiple fake breakouts to wear traders out over time. To play this trend you may need to learn how to navigate the Time@Mode signals on chart, or have your own strategy to do so.

Best of luck,

Ivan Labrie.

Comment:

#AUDUSD likely trending up from here, we may have a buying opportunity tomorrow on dips