Potential Reversal As AUDUSD Breaks Below 0.7409
Just two key details to note here:
1. Price failed to make a higher high.
2. The candle in the past hour indicates that the 0.7409 "floor" isn't holding. Price did briefly breach below that level and traded higher. We're finally seeing a breakout lower, which is a good sign that the uptrend might be ending.
1. Price failed to make a higher high.
2. The candle in the past hour indicates that the 0.7409 "floor" isn't holding. Price did briefly breach below that level and traded higher. We're finally seeing a breakout lower, which is a good sign that the uptrend might be ending.