We had a recent symmetrical triangle that lasted four months time. This past week we saw many pairs begin their pullbacks and with the AUDUSD pair we have a lot of confluence supporting a trend continuation.
After two retrenchments among two vertical channels, price will swing higher and higher to test 0.72000 as a fundamental level, this reversal based on double bottom that took placed around 0.68250
Hello Traders!
6A (AUDUSD) - The downtrend is confirmed! As we mentioned earlier, If the price break throw 0.68899 - downward tendency will continue! (EWA/EWP) Main target 0.65956.
Sincerely yours, Powerful Traders!
