Hey Traders, in the coming week we are monitoring AUDUSD for a buying opportunity around 0.66200 zone, AUDUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.662 support and resistance zone. Once bulls are confirmed i would like to consider 0.668 zone the channel resistance as a target as it's considered the next major supply zone AUDUSD will be facing. Trade safe, Joe.
Nice analysis and you might be right to the top of the channel, but on a higher timeframe this one looks like a big H&S to me…best of luck and thanks for your insights
MASTERPIECE10
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I definitely agree!
jirospark
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I hope so but next week will tell all 👍
SmokeyRidgeTrader
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Agreed, great post💯
basictradingtv
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excellent analysis Joe, thanks!
GoCrazyfx0
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Grate work Joe, I’m also having same expectations 💙