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ap8forexchange
Oct 12, 2020 8:55 AM

AUDUSD Forex Weekly - 12 - 16 Oct 2020 Long

Australian Dollar/U.S. DollarFXCM

Description

Like most of the major pairs, Aussie move seems strong than others recovering after massive drop on Sept and pullback from July low.

Technically, we are looking at uptrend channel and price going to hovering around median and either moving towards upper line major resistance or reverse back towards lower line but with US Dollar weakness much likely a stronger aussie
Comments
VincePrince
This chart has good occasions given especially when demand increases, thanks for sharing, great view.
ProjectSyndicate
upvoted. similar outlook. antipods got more upside, strong chart!
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