What to expect from AUDUSD
Hello traders,
here are my thoughts on AUDUSD pair. After a long uptrend price fails to create a new HH and reverses into bearish trend forming LL and LH.
Now the price has broke through the strong support line. What can we expect is wait for the retest of support/resistance line and we could possibly enter the trade.
DXY is growing, which means that AUDUSD pair should be going on the opposite direction- down.
Let 's wait what will market show us next week.
Don't forget to leave a like and comment.
J.
here are my thoughts on AUDUSD pair. After a long uptrend price fails to create a new HH and reverses into bearish trend forming LL and LH.
Now the price has broke through the strong support line. What can we expect is wait for the retest of support/resistance line and we could possibly enter the trade.
DXY is growing, which means that AUDUSD pair should be going on the opposite direction- down.
Let 's wait what will market show us next week.
Don't forget to leave a like and comment.
J.
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