USDAUD analysis...
Bulls are taking over?
With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.
Once we get to this monthly level, we'll have to wait and see what price does.
- respect of resistance can have this pair hit the deck
- breakout can have this pair making a HUGE bullish leg all the way to 1.5785! as we'll have nothing from it chasing that previous swing high.
I do favour a BUY to the Monthly Resistance zone of 1.4350*
Patience is key..
Cheers..
Bulls are taking over?
With the breakout of the bearish trend + MA crossover, the new underlying bullish trend line has been doing justice.
Breakout of the current zone as well as respect with this bullish trend we can expect a new leg towards the Monthly Resistance level.
Once we get to this monthly level, we'll have to wait and see what price does.
- respect of resistance can have this pair hit the deck
- breakout can have this pair making a HUGE bullish leg all the way to 1.5785! as we'll have nothing from it chasing that previous swing high.
I do favour a BUY to the Monthly Resistance zone of 1.4350*
Patience is key..
Cheers..
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.