AUDUSD recently made a false break by creating a divergence at resistance, even though it's trading in the ascending channel .
The price is likely to test the psychological level of 0.7000 since the price broke and closed below the 0.7100 resistance.
The market made a very shallow high, meaning that bulls are running out of steam.
We expect a bearish move.
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The price is likely to test the psychological level of 0.7000 since the price broke and closed below the 0.7100 resistance.
The market made a very shallow high, meaning that bulls are running out of steam.
We expect a bearish move.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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