This pair got rejected recently on the 1D MA200 (orange trend-line) as it was rising from August lows but right now is ahead of a strong bullish signal, which last time started a very strong multi-month rally.
That is the 1D MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross, which last time it happened on June 09 2020 started a Channel Up and never revisited that low. Based on this fractal I am expecting AUDUSD to hit the 1.5 Fibonacci extension by the end of this year and set a long-term Target Zone within the 2.0 - 2.5 Fib Zone by mid 2022.
So far this is in line with my multi-year view as posted in July:
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That is the 1D MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross, which last time it happened on June 09 2020 started a Channel Up and never revisited that low. Based on this fractal I am expecting AUDUSD to hit the 1.5 Fibonacci extension by the end of this year and set a long-term Target Zone within the 2.0 - 2.5 Fib Zone by mid 2022.
So far this is in line with my multi-year view as posted in July:
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.