FenzoFx—AUD/USD formed a double bottom pattern with the immediate support at $0.5932. From a technical perspective, a new consolidation phase toward $0.6085 resistance is imminent if the price holds above the support.
Conversely, the bullish outlook should be invalidated if bears push the AUD/USD prices below the $0.5932 support. If this scenario unfolds, the downtrend will be triggered, targeting $0.5850.
>>> Trade Forex with Low spread, and No swap at FenzoFx
Conversely, the bullish outlook should be invalidated if bears push the AUD/USD prices below the $0.5932 support. If this scenario unfolds, the downtrend will be triggered, targeting $0.5850.
>>> Trade Forex with Low spread, and No swap at FenzoFx
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.