Sunday Analysis: Neutral on AUDUSD
Last mark up didn't go as planned, but lets see how this goes.
Daily - Price has been making higher highs and higher lows as well as trading within a POSSIBLE channel.
4HR - The channel is still holding up that I drew from last week. We can see a closer look of price breaking and retesting the daily S/R zone. Wouldn't be surprised if it keeps pushing up some (since it's still trading over our 200MA and 50SMA with also signs of a cross from the two), BUT I want to watch and see the next couple candles I get before jumping in for a buy.
1HR - Not seeing much of a pattern I like.
Overall: NEUTRAL
Daily - Price has been making higher highs and higher lows as well as trading within a POSSIBLE channel.
4HR - The channel is still holding up that I drew from last week. We can see a closer look of price breaking and retesting the daily S/R zone. Wouldn't be surprised if it keeps pushing up some (since it's still trading over our 200MA and 50SMA with also signs of a cross from the two), BUT I want to watch and see the next couple candles I get before jumping in for a buy.
1HR - Not seeing much of a pattern I like.
Overall: NEUTRAL
Penafian
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