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CeylonBull

AUDUSD time to bounce back????

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
CeylonBull  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns DXY AUDUSD
8
8
trendanalysis chartpattern dxy audusd
AUDUSD is at its 3rd touch on the daily trend line and DXY is also showing some resistance at its current price. if DXY finds resistance at current level and moves back down, its time for audusd to move back up and break its old daily high to continue its daily uptrend and respect the trend line. My advice is to wait for two confirmations,

1.DXY confirming a bearish move
2.AUDUSD not breaking the trend line or having a stop hunt on the trend line.

Hope this analysis helps!
Happy trading :)
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