AUDUSD was quite interesting- I did expect it to buy due to the bullish week it has had, however in hindsight, seeing how both GU and EU moved this week, I can see why it too wasn’t bullish. With that being said, I’m expecting a further break downwards. Once it does, I expect it to pull back once more to complete the sell and take out the most recent weekly low.
Another interesting point to note is that there was a further lower price level (Weekly) which wasn’t as recent as the aforementioned price point. Price CAN seek that low - that’s something to also look out for.
N.B.: This is not financial advice. Trade safely and with caution.
Another interesting point to note is that there was a further lower price level (Weekly) which wasn’t as recent as the aforementioned price point. Price CAN seek that low - that’s something to also look out for.
N.B.: This is not financial advice. Trade safely and with caution.
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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.
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.