AUDUSD - Restesting a weekly channel support. Rebound expected ! Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ May 15, 2018 2:21 PM

All pairs in AUD are strongly bearish for weeks now but we are now in an area where I think that there is a good probability of reversal.
Invalidation of the scenario if price goes below 0.74.
Target at 0.7700-0.7750.

Comment

⋅ May 21, 2018 12:26 AM

Comments

Forexmani

⋅ May 21, 2018 7:53 AM

harmonics supports this view too

asferruzzi

⋅ May 16, 2018 1:32 AM

RSI divergence also supports this view