LONG TERM - AUSSIE IS CURRENTLY SITTING AT A MAJOR KEY RESISTANCE LEVEL AS HIGHLIGHT ABOVE -
- This suggests bulls are coming in and if further bullish price action is seen on lower TFs I will be buying this market long term.
- Price action is also confined within YEARLY TRENDLINE SUPPORT (black trendline - seen more clearly on YEARLY CHART)
- RSI was last at this level in 2001 where REVERSAL occured
- This suggests bulls are coming in and if further bullish price action is seen on lower TFs I will be buying this market long term.
- Price action is also confined within YEARLY TRENDLINE SUPPORT (black trendline - seen more clearly on YEARLY CHART)
- RSI was last at this level in 2001 where REVERSAL occured
Comment:
ERROR - meant to state - at a major KEY SUPPORT LEVEL
