Price made a higher low during (exhaustion period), now trying to break through a supply zone & visit a recent high first, then a new higher highs should be formed.. Price making higher highs & higher lows after breakout of its downtrend line last week. Keep in mind Aussie has a meeting shortly & they will be discussing interest rates. Negative outlook on that could send this pair flying higher. Lets see how it plays out!! :)
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seems like Aussie is weak, price breaking out of supply zoneNote
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70 pips already! :DNote
150 pips now, good sign price broke previous high & retested. We should see New higher high shortly :)Note
1.70700 acting as a possible supply zone, closed with 185 pipsNote
done & dusted..
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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.