AUDUSD had been trading in a bearish parallel channel. Recently price has defined its swing low at 0.66800 where a bullish hammer formed (Bullish Candlestick Pattern).
Currently, the price has given a breakout from the falling channel and may come to retest the 23.6% fib level. Bulls must hold the support and move the price in an upward direction from here.
Trade your levels accordingly
Currently, the price has given a breakout from the falling channel and may come to retest the 23.6% fib level. Bulls must hold the support and move the price in an upward direction from here.
Trade your levels accordingly
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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.