After finding strong support and bids under 0.76, AudUsd has risen and broken above the descending trend line which can signal that the correction is over and the pair is resuming its uptrend.
Now Aussie is consolidating gains above 0.77 support and a new leg up could follow
In my opinion, dips towards this support should be bought and only a drop under 0.7650 would negate this scenario
Regards
Mihai Iacob
Now Aussie is consolidating gains above 0.77 support and a new leg up could follow
In my opinion, dips towards this support should be bought and only a drop under 0.7650 would negate this scenario
Regards
Mihai Iacob
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.