AUDUSD has held the bottom of the 2+ year Channel Down for 7 weeks straight.
With the exception of September 2022 (fundamentals) such trading action initiated a rebound to the 1week MA50 at least.
This is therefore a very strong buy opportunity to target the 1week 50. If it closes a week over it, you can extend buying to a little under the 1week MA100.
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With the exception of September 2022 (fundamentals) such trading action initiated a rebound to the 1week MA50 at least.
This is therefore a very strong buy opportunity to target the 1week 50. If it closes a week over it, you can extend buying to a little under the 1week MA100.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.