I‘ve been talking about the current ranging condition on AU bouncing on & off between 0.7815 & 0.7640 S&R zones. I today's trading session, I will remain neutral bias. Two scenarios that I am looking at
1. If we notice any clear bullish rejection off the 0.7722 minor support zone, that could send AU towards the 0.7815 resistance zone (Bullish)
2. If price dips below the 0.7718 minor support zone, that could expose 0.7640 as the nearest support zone (Bearish)
The higher timeframe structure remains bullish. Be flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If we notice any clear bullish rejection off the 0.7722 minor support zone, that could send AU towards the 0.7815 resistance zone (Bullish)
2. If price dips below the 0.7718 minor support zone, that could expose 0.7640 as the nearest support zone (Bearish)
The higher timeframe structure remains bullish. Be flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.