AUDUSD lies below the monthly downtrend.
The strength of the dollar increased the likelihood of retesting the lows.
Like EURUSD, AUDUSD will rebound in December, but it will be a weekly correction pattern, and it is highly likely that the decline will continue.
The monthly correction trend line would have to be broken to reverse in an uptrend.
good luck.
The strength of the dollar increased the likelihood of retesting the lows.
Like EURUSD, AUDUSD will rebound in December, but it will be a weekly correction pattern, and it is highly likely that the decline will continue.
The monthly correction trend line would have to be broken to reverse in an uptrend.
good luck.