AUDUSD to go up
Monthly
Price seems to be respecting the support zone
Weekly
Price is in a strong downtrend momentum since Jan'18, price at the
moment is testing weekly support zone.
Daily
If price breaks below the weekly support, expect price to test the
monthly support and eventually bounce off of it. If price breaks thru
the upper trendline expect price to pullback to the downside before
eventually going off.
Longterm Bias : Bullish
Shortterm Bias : Bearish
For shorts, wait for price to go below 0.7175 with tp at 0.7025 - 0.7030
For longs, wait for price to go above 0.7210 with tp at 0.7300
Price seems to be respecting the support zone
Weekly
Price is in a strong downtrend momentum since Jan'18, price at the
moment is testing weekly support zone.
Daily
If price breaks below the weekly support, expect price to test the
monthly support and eventually bounce off of it. If price breaks thru
the upper trendline expect price to pullback to the downside before
eventually going off.
Longterm Bias : Bullish
Shortterm Bias : Bearish
For shorts, wait for price to go below 0.7175 with tp at 0.7025 - 0.7030
For longs, wait for price to go above 0.7210 with tp at 0.7300
Penafian
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